The company has begun adding support for individual retirement accounts and Roth IRAs within its app, as well as pension accounts.
The judge says the insurer didn’t violate its fiduciary duty by retaining agreed-upon investments.
Roughly 86% of last year's net inflows went into collective investment trusts, which now hold 45% of total TDF assets.
Proposed legislation in Kentucky that would tax services including financial planning and investment management could significantly harm the way Kentuckians save and plan for retirement.
Vania May Bell is former chief compliance officer of Executive Compensation Planners Inc., where her father was president.
Supporters of the legislation, which would raise the RMD age to 75, are pushing for Senate action to get a final bill to President Biden later this year.
The measure would be another piece of Senate legislation that complements the SECURE 2.0 bill poised for House approval.
The company's asset management unit already supervises a total of $350 billion in assets in defined-benefit and defined-contribution accounts and will utilize the acquisition to provide new digital tools to customers.
The proposal, which goes after households worth at least $100 million, enters unprecedented territory by trying to tax unrealized gains.
The insurer's life and retirement arm, which has $411 billion in client assets, will be renamed Corebridge Financial once it goes public.
The giant fund manager will oversee liquid fixed-income and private placement assets for the insurance company.
The tax, dubbed the Billionaire Minimum Income Tax by the White House, would hit both the income and unrealized gains of U.S. households worth more than $100 million.
As of January, there were 33 million health savings accounts, according a Devenir study.
The bipartisan letter asks the Government Accountability Office to examine current protections in defined-contribution plans.
The big surprise was the IRS' announcement that if an account holder dies after their required beginning date, required minimum distributions would be required for years one through nine.
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
When the pandemic pushed millions of older Americans out of the labor force, it also should have spawned a surge in Social Security applications — but it hasn’t.
More than half of investors expect inflation to increase this year, and 61% think the combination of low rates and rising price pressures will make it tougher to create a retirement income stream.
The shift from having taxes withheld to making estimated tax payments can be challenging for people entering retirement.
The Wealth platform is designed to help clients better manage their legacies by creating plans online through a combination of proprietary legal documents and encrypted digital vaults.
