Jim Banks, R- Indiana, issued the following news release:. WASHINGTON, D.C.- Today, Senator Jim Banks introduced the Protecting Americans' Retirement Savings Act. The bill prohibits ERISA-covered retirement plans from investing in companies based in foreign adversary countries, including China, Russia, North Korea, and Iran.
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Why your clients should be planning for healthcare costs in retirement
Solutions like long-term care insurance, retirement investments and life insurance can all help mitigate risks from medical costs in retirement.
Why emotional readiness is one key to retirement
Retirement is a significant emotional transition that many clients “simply arenāt emotionally prepared for,” according to the FPA.
America's debt-addicted government just lost its triple-A credit rating from Moody's, as it previously had from fellow rating agencies S&P and Fitch. Many in Washington shrugged the move off as minor or as unfair treatment of the Trump administration. The reckoning comes as House Republicans push to extend the 2017 Trump tax cuts with a "big, beautiful bill."
Misinformation about money is everywhere online, and Americans are paying the price for it.
Nationwide Retirement Solutions has launched Nationwide RetireAssist, an advisor-friendly, multi-product solution designed to meet the unique retirement plan needs of generalist and specialist advisors, as well as their clients.
How broker-dealers can lead the next evolution in financial advice
With today’s wealth management space becoming increasingly commoditized, broker-dealers need smart ways to grow and protect their business.
Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says
āPresident Donald Trumpā s big bill in Congress would unleash trillions in tax cuts and slash spending, but also spike deficits by $2.4 trillion over the decade and leave some 10.9 million more people without health insurance, raising the political stakes for the GOP's signature domestic priority. Republican leaders in Congress, determined to muscle the…
Impact of ‘big, beautiful bill’ to advisors may be a shift in client behavior
The sweeping federal budget legislation dubbed the ābig, beautiful billā by its backers is sparking sharp debate over its potential impact.
IRMAA: The shadow tax that can ambush retirement
This Medicare surcharge functions effectively as a stealth tax that can dramatically increase health care costs for higher-income retirees.
Is AI replacing insurance agents? New labor study says ānot yetā
Despite concerns about AI āreplacingā humans, a recent study found most insurance companies plan to increase staff hiring over the next year.
Social Security Fairness Act is an opportunity for professional advice
This change in Social Security regulations will impact clients who will see their benefits increase.
The importance of seeking financial advice early
of 25 and 39 is “highly important” or “critical.”
In 2017, during Trump's first term, Congress passed a 1.4% tax on investment income from university endowments that have at least $500,000 per student and at least 500 studentsā which translates to a minimum endowment of $250 million, although the threshold is larger for bigger universities. Wellesley College economics professor Phillip Levine, in a…
Is longevity Americaās new retirement crisis?
Americans are so concerned about the cost of living that they donāt want to live to be 100 years old, a new study finds.
4 ways to incorporate AI into your advisory practice
Rather than viewing AI as a threat, financial advisors should see it as a powerful tool that can enhance capabilities and free up time for more strategic, creative, and client-focused tasks.
Despite just beginning their careers, many Generation Z investors are already evaluating their retirement prospects ā and many feel uneasy about their financial futures.
The Reshaping of Retirement: Volatility and the ‘sequence of returns’
As a record number of baby boomers retire, the convergence of market instability and geopolitical uncertainty is reshaping retirement.
In 2017, during Trump's first term, Congress passed a 1.4 percent tax on investment income from university endowments that have at least $500,000 per student and at least 500 studentsā which translates to a minimum endowment of $250 million, although the threshold is larger for bigger universities. Wellesley College economics professor Phillip Levine, in a…
Most financial advisors compensated using fee-based models
The movement to fee-based services is being driven by a move from commissions to asset-based fees among wirehouse and broker/dealer channels.
