Concord Coalition blasts Trump budget proposal
'Non-defense appropriations, which make up roughly 16% of the budget, would be reduced by more than $1 trillion over 10 years. Nothing in recent experience would suggest that cuts of this...
Politics
New York proposes public-option IRA by 2021
Fewer than half of working New Yorkers have access to a retirement savings plan at work and 40% of New Yorkers ages 50 to 64 have saved less than...
New Bedfellows: Richard Neal and the 401(k) Industry
As the next Ways & Means chairman, the liberal Massachusetts congressman won't just be the gatekeeper of retirement legislation. He’s also the only legislator who can ask for President...
Expect a Rocky Return to ‘Normal Valuations’
The Fed's ability to fight the next economic downturn with monetary policy and the federal government's ability to fight it with fiscal policy will both be limited, writes our...
RIJ and others urge Senators to take action on retirement
A non-partisan group of eleven academics, researchers and journalists, including RIJ's Kerry Pechter, promised to help Sen. Cory Booker and Sen. Todd Young convene a Retirement Security Commission.
‘Rothification is a Stupid Idea’
During a panel discussion at the IRI conference, former Treasury official Seth Harris, Voya's Sean Cassidy and former Oklahoma congressman J.C. Watts shared strong opinions about tax reform, the...
Treasury solicits opinions about ultra-long bonds
The Trump administration and Treasury Secretary Steve Mnuchin has been asking primary bond dealers if they would like the government to issue bonds with terms of 40, 50 or...
President Trump to require ‘two-for-one’ regulations
'To the extent allowed by law, any new incremental costs associated with new regulations must be offset by the elimination of existing costs associated with at least two prior...
Goodbye “Obamania.” Hello, er, “Trumpelstiltskin”?
Puns, portmanteau words and neologisms--especially those incorporating the name Trump--dominated Investopedia's annual list of financial terms whose meanings were sought most often on the information site.
Trump’s Tax Plan and the Dollar
'Trump’s proposed tax plan—particularly the border-adjustment tax—would most likely not have a positive impact on the US trade balance,' write these Ivy League economists. 'Worse, it could be very...
Policy Forecast: Gloom with a Chance of Doom
At the Employee Benefit Research Institute's policy forum in D.C. last week, retirement policy experts were not cheerful about the coming inauguration, and some feared that retirement security will...
Will pensions become subject to state income tax in Illinois?
AARP is leading an effort to prevent fiscally-challenged Illinois from taxing pension income again after a holiday of 32 years. Reinstating the tax would bring in an estimated $2...
Anecdotal Evidence: Trump and the DOL Rule
'Would the financial services industry want to return to square one after spending millions of dollars to reconfigure their compliance systems and products' for the DOL conflict of interest...
Chile’s Pension Crunch
The author, a former presidential candidate and finance minister of Chile, teaches at Columbia University's School of International and Public Affairs.
Incomes, Cost-of-Living Higher in Blue States: LendingTree
In LendingTree's survey, Hillary Clinton supporters were almost twice as likely to say they were financially very happy as were Donald Trump supporters (18.3% vs. 9.3%).
‘American Savings Account’ proposed
The ASA has provisions similar in some ways to automatic IRA programs that have been proposed at the federal level, and are now being pursued by a number of...
Born to be vetoed: Two more House bills target DOL proposal
The bills emerging from the House Committee on Education and the Workforce would maintain the status quo by requiring disclosure of, not elimination of, conflicts of interest in sales...
$100 million for retirement pilot programs in Obama budget proposal
Certain pilots are expected to study "auto-portability"--the automatic transfer of small accounts from one 401k to another when people change jobs--and, potentially, help make it a standard feature of...
Video: Elizabeth Warren at the National Press Club
Sen. Warren spoke in favor of greater financial regulation at the annual Hyman Minsky Conference, sponsored by the Levy Economics Institute and held this year at the National Press...
Illinois Mandates Workplace Retirement Plans
Private-sector employers in Illinois with 25 or more full-time employees have to offer access to a retirement plan by June 1, 2017 or face penalties. Illinois state senator Daniel...
