New York Gov. Kathy Hochul signed legislation Thursday requiring private-sector employers that don't provide their workers with a retirement plan to enroll them in the state’s auto-IRA program, the Secure Choice Savings Plan. The low-cost plan gives employees the freedom to opt out at any time.
Enacted in 2018, the state’s self-sufficient retirement savings program is an automatic-enrollment payroll deduction individual retirement account.
The program is overseen by the New York State Secure Choice Savings Board, composed of nine appointed members. The state’s Department of Taxation and Finance is overseeing the development and implementation of the program.
InvestmentNews reported in 2017 that the IRS was scrutinizing the tax shelter land deals, called syndication conservation easements.
Advisors gain a second workflow for 401(k) guidance as the fintech expands beyond bulk rebalancing, backed by new policy research on advice access.
New data shows most people do not have enough saved to cover costs and are not fully utilizing their accounts.
Firms announce new recruits this week, with teams overseeing hundreds of millions in client assets switching affiliations.
It’s the 12th deal for Stratos since SEI's investment and follows 11 acquisitions worth $4.8B in 2025.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
