Lackluster Republican support in the Senate threatens to sink the measure.
Men on Medicare would need as much as $184,000 to have a 90 percent chance of meeting their health care costs, and women as much as $217,000.
Such ETFs could become a small component of target-date funds.
The program's chief actuary says the bill would improve the long-term solvency of Social Security.
‘When you have both sides come together and support something – or in this case oppose something – we can put forth better policies for retirement savers,’ says a financial industry lobbyist
'There are so many tax breaks out there that shouldn’t be there,' JPMorgan CEO says.
The product arrives as a provision of the SECURE 2.0 Act goes into effect that makes workers' qualified student loan repayments eligible for 401(k) matching contributions from their employers.
The firms say that 100,000 people will benefit from the new product.
'If Trump wins the general [election], then it’s likely that the House and Senate go Republican as well, and the 2017 tax cuts get extended,' an advisor says.
As Social Security inches closer to insolvency, the tax breaks provided to 401(k)s, defined-benefit plans and IRAs could be revamped to fix the system, according to a recent paper.
Led by demand for fixed products, total annuity sales were up 23% last year, according to Limra.
Rushing to file early can lead to having to amend tax forms later on, advisors say.
If the Chevron deference is overturned, 'the SEC will no longer be able to create new rules that are designed to apply to new things going on in the marketplace,' an attorney says.
A separate long-shot bill to eliminate the estate tax could help set the stage for tax reform in 2025, when individual rate cuts expire.
With the program’s trust funds scheduled to be depleted by 2034, the threat is real, but so is the impasse in the nation’s capital.
Although there will almost certainly be a legal challenge, don’t count on it going away, lawyers say. Here are some big issues to watch for.
Engrave Wealth Partners, based in The Woodlands, has 10 team members.
Firm announces new comprehensive addition to its wealth management platform.
The regulator issued a set of answers to frequently asked questions addressing contributions, limits and investment types.
Flourish aims to facilitate RIAs’ access to annuities.
