American Retirement Association

Bipartisan legislation H.R. 10467 aims to simplify the 402(f) Notice process, making retirement distribution options clearer. Expanded flexibility for 50+ workers includes rolling 401(k) savings into annuities. Learn More: https://ow.ly/kiAG50Uv0su #RetirementSavings #401k #BipartisanSupport

BREAKING NEWS: Senate Passes Social Security Legislation Boosting Benefits for Certain Government Workers The legislation now heads to President Biden who has pledged to sign it. Although the bill does correct certain social security benefit inequities for some workers with a mix of public and private service it was not paid for. As such, the “date” for insolvency of the social security system will likely accelerate by approximately 6 months based on estimates. When that happens Social Security benefits for all recipients will be subject to mandatory reductions of roughly 21 percent unless Congress does something in the interim to address Social Security funding. Based on the most recent Social Security Trustees report that would potentially put the “Social Security Insolvency Date” somewhere toward the end of 2032 or beginning of 2033 which is right on top of a presidential election. Of course, one cannot possibly imagine that Congress will wait all the way till then to fix this enormous problem—right 😳

Strengthen your expertise in leadership, marketing, and practice management with insightful sessions at the Women in Retirement Conference. Session highlights: ✦ Session 5: Mastering Sales and Marketing for 401(k) Plan Advisors and TPAs: Roundtable Session ✦ Session 6: Mastering Practice Management: Insights from Industry Experts ✦ Session 7: Your Personal Brand Is Your Power Source: Dare to Design the Real You Don’t miss out on this unique opportunity to connect with peers in the industry. Register today: https://ow.ly/NS1y50Uuijt #LetsWiRC #RetirementPlanning #WomenInFinance #FinancialWellness #WiRC

Rep. Virginia Foxx called for an investigation into the U.S. Department of Labor's info-sharing with plaintiffs via Common Interest Agreements (CIAs). What does this mean for fiduciaries? Learn More: https://ow.ly/TPlr50UubU9 #ERISA #EmployeeBenefits #RetirementPlans

The U.S. Securities and Exchange Commission adopts new e-filing rules for broker-dealers & SBS entities, streamlining oversight with digital filings via EDGAR. Compliance dates vary, with key updates through 2028. Learn more about the changes: https://ow.ly/2f7450UtvVl #SEC #Efiling #FinancialRegulations

UnitedHealth Group faces a lawsuit from CalPERS & Hollywood Firefighters’ Pension Fund alleging insider trading by top executives, including the late Brian Thompson. $25B in shareholder value erased. Read more: https://ow.ly/18pl50Uq22I #InsiderTrading #Pensions #ERISA

The 2024 NAPA Black Book is here—and it’s our biggest yet! Packed with more company profiles, product & service offerings than ever, it’s your go-to resource for the retirement plan industry. Dive in and explore the best in the business! Read Here: https://ow.ly/mytw50UsGwf #BlackBook #RetirementIndustry #RetirementResources

Looking to grow in your career? The ARA NOW Mentorship Program pairs you with experienced professionals to guide your journey. Don’t wait—get the mentorship you deserve! Learn more: https://ow.ly/54WA50UqfZa #MentorshipMatters #ARAmentors #LeadershipGrowth

The U.S. Department of Labor’s Lost and Found database is on track for launch by Dec. 29, 2024. Using Form 8955-SSA and voluntary data, the tool will help reunite separated participants with their retirement benefits. Learn More: https://ow.ly/Tm8b50UsARk #RetirementSavings #SECUREAct #DOLUpdates

🚨 The hotel deadline for the Women in Retirement Conference is TODAY! 🚨 Don’t miss your chance to secure your stay for this amazing event in Austin, TX, Jan. 8-10, 2025. Register now and book your room: https://ow.ly/GkM750UpbhI #LetsWiRC #RetirementPlanning #WomenInFinance #FinancialWellness #WiRC