More than three-quarters of American voters (78%), Republicans and Democrats alike, believe that all working Americans should have access to a retirement savings plan along the lines of the federal Thrift Savings Plan, which is open to government employees and members of the military.
That was a key finding of a survey conducted for the Economic Innovation Group, or EIG, by Echelon Insights.
Support also was strong for a proposal from the EIG under which the government would match retirement contributions for low- and middle-income working Americans who participate in a federal retirement savings plan. The proposal garnered more support (63%) than other wealth-building plans, such as universal basic income (47%), child allowances (41%) and baby bonds (40%), the EIG said in a release.
Other survey results pointed to the dismal state of the nation’s retirement savings. For example, one-third of American voters are not confident that they'll have enough savings to live comfortably when they retire, and of the 41% of American voters who do not have a retirement savings account, 44% say they do not have money to save after expenses.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
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