DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Susan Neely - 2 Rollovers - 1 Katrina Berishaj - 1 Ronon Stevens - 1 Young - 1 it's - 1 Reish - 1 Berishaj - 1
Top related locs:
Jacksonville , Florida
Top related orgs:
. Labor Department - 1 Department - 1 Labor - 1 Economic - 1 Labor Department - 1 Young - 1 American Council of - 1 Fidelity - 1

Search resuls for: "Susan Neely"


3 mentions found


☆ Advice about 401(k) rollovers is poised for a big change. Here's why
  + stars: | 2024-04-28 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Johner Images | Johner Images Royalty-free | Getty ImagesA new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. watch nowA 'major shift' in rollover adviceThe new Labor Department rule aims to make more investment recommendations "fiduciary" in nature. The new Labor Department rule changes that, however. Good advisors are likely making an honest effort to do what's best for their clients, but hopefully the Labor Department rule would "bring up the bottom to a better quality," Reish said. However, many financial companies dispute the necessity of the Labor Department rule.
Persons: Rollovers, Katrina Berishaj, Ronon Stevens, Young, it's, Reish, Berishaj, They'd, Susan Neely Organizations: . Labor Department, Department, Labor, Economic, Labor Department, Young, American Council of
☆ Guaranteed lifetime income gains appeal amid worries a recession is coming
  + stars: | 2023-05-23 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +2 min
More retirement plans to offer annuity optionsThe passage of the Secure Act also made it easier for employers to offer annuities as one retirement savings plan option. Starting in the fall, Fidelity will let plan participants convert some of their retirement savings into an immediate income annuity to provide pension-like payments throughout retirement. BlackRock and State Street Global Advisors, two of the largest asset managers, also announced target-date funds with retirement income annuity options. Having an annuity option when you retire is a good thing. Annuity sales hit a record in 2023Annuity sales hit an all-time high in the first quarter of 2023, up roughly 50% from a year ago, according to Limra, an insurance industry trade group.
Persons: Susan Neely, Mark McCombe, Carolyn McClanahan, Todd Giesing Organizations: Fidelity, Fidelity Investments, BlackRock, Street Global Advisors, Planning Partners Locations: Jacksonville , Florida
☆ 'Secure 2.0' clears Congress as part of omnibus appropriations bill, will bring more changes to U.S. retirement system
  + stars: | 2022-12-23 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +1 min
Three years after the Secure Act of 2019 ushered in the first major changes to the U.S. retirement system in more than a decade, more modifications are now on their way. Dozens of retirement-related provisions collectively known as "Secure 2.0" are included in a $1.7 trillion omnibus appropriations bill that received approval from the House on Friday — following the Senate's nod on Thursday — and will head to President Joe Biden for his signature. Secure 2.0 "addresses gaps that have left some people on the sidelines of retirement savings, unable to access the workplace retirement plans that do so much good in establishing the capability and habit of savings," said Susan Neely, president and CEO of the American Council of Life Insurers. The Secure 2.0 provisions are intended to build on improvements to the retirement system that were implemented under the 2019 Secure Act. Those changes included giving part-time workers better access to retirement benefits and increasing the age when required minimum distributions, or RMDs, from certain retirement accounts must start — to age 72 from 70½.
0 next >>
Total: 3