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Oct 23, 2024 | 
napa-net.org | Joey Santos-Jones
Recent law changes from the SECURE 2.0 Act have provided not only opportunities but also challenges for plan consultants and service providers. At the 2024 ASPPA Annual Conference, the American Retirement Association’s Bob Kaplan, Director of Technical Education, and Robert Richter, Retirement Education Counsel, took a deep dive into some of these issues.
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Oct 22, 2024 | 
asppa-net.org | Joey Santos-Jones
How do you empower every voice in your organization to drive change (at every level)? According toJ. J. McKinney and Mickie Murphy, their 2024 ASPPA Annual session starts with ensuring everyone is involved. Attendees were broken into groups to discuss different leadership tactics that could be used empowering employee voices. The session offered practical strategies for promoting professional growth, navigating resistance to change, and fostering a collaborative culture.
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Oct 21, 2024 | 
asppa-net.org | Joey Santos-Jones
The 2024 ASPPA Annual Conference kicked off with heartfelt reflections, inspiring challenges, and leadership transitions. Current ASPPA President Amanda Iverson welcomed attendees, offering her gratitude for the opportunity to serve and emphasizing the organization's continued journey toward growth, advocacy, and community engagement.
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May 30, 2024 | 
ntsa-net.org | Joey Santos-Jones
John IekelIt’s proverbial that with age comes wisdom. Recent research doesn’t vouch for that, but does suggest that at the very least, confidence in a financially secure retirement is more likely among generations that have been around longer.
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May 22, 2024 | 
ntsa-net.org | Joey Santos-Jones |John Iekel
Financial Industry Regulatory Authority (FINRA) Rule 2330 governs recommended purchases and exchanges of deferred variable annuities and recommended initial subaccount allocations. Rule 2330 applies to 403(b) plans when a firm or its representatives makes recommendations to an individual plan participant regarding a deferred variable annuity.
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Apr 24, 2024 | 
napa-net.org | Joey Santos-Jones
Betterment has entered into an agreement with Goldman Sachs to acquire the digital investment accounts of the investment bank's Marcus Invest, as announced on Monday. Betterment will integrate Marcus Invest's accounts into its operations. The company currently manages over $45 billion in assets and serves more than 850,000 clients. The transition is set for June 29, 2024, though Marcus Invest customers can opt-out.
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Apr 19, 2024 | 
asppa-net.org | Joey Santos-Jones |John Iekel |Ted Godbout
In a discussion at the recent NAPA 401(k) Summit in Nashville, Tenn., Mike Walsh, CEO of Tomorrow, explored the transformative potential of artificial intelligence (AI) in the advisory and regulatory landscape. He emphasized the rapid advancements in AI technology and the urgent need for the retirement planning industry to adapt and innovate. Walsh opened his session by challenging the audience with three pivotal questions: "How will AI change the world around us?
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Apr 19, 2024 | 
asppa-net.org | John Iekel |Ted Godbout |Joey Santos-Jones
Last week, a new report claimed to find a big jump in a so-called “magic” number for retirement, based on what survey respondents said they thought they’d need. As though they’d know. It garnered quite a bit of coverage, including an article in The Wall Street Journal (and a comment from none other than Teresa Ghilarducci).
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Apr 18, 2024 | 
ntsa-net.org | John Iekel |Joey Santos-Jones
Tech Talk discusses investment options for funds in 403(b) plans, which generally are more limited than they are for other qualified retirement plans: they may only be invested in annuity contracts or custodial accounts that hold mutual funds.
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Apr 18, 2024 | 
ntsa-net.org | John Iekel |Joey Santos-Jones
Longevity and greater spending are “putting the U.S. retirement system under immense strain,” BlackRock CEO Larry Fink wrote in his annual shareholder letter, John Sullivn reports in MarketBeat. He continues that Fink argued that capital markets will be critical in addressing what he called one of the century’s biggest challenges, “providing people with a secure, well-earned retirement.”
