CEO details tax-reform threats to 401(k)s | Research: Seniors' health care costs to rise 20% or more | Trump warns GOP not to oppose health plan
ADVERTISEMENT
March 22, 2017
CONNECT WITH SMARTBRIEF LinkedInFacebookTwitterGoogle+
Retirement Security SmartBrief
Financial and wealth management news for the retirement community
SIGN UP ⋅   FORWARD
Top News
CEO details tax-reform threats to 401(k)s
Brian Graff, CEO of the American Retirement Association, explores possible adverse effects of the Trump administration's mooted tax reform on 401(k)s. Although details have yet to emerge, Graff said at a National Advisor Plan Association conference a freeze on contribution limits is possible.
WealthManagement.com (U.S.) (3/20) 
LinkedIn Twitter Facebook Google+ Email
Research: Seniors' health care costs to rise 20% or more
Elderly people are poised to face a 20.8% increase in health care costs for home services and nursing facilities in the next decade, while costs of continuing-care retirement communities could rise 25.8%, says The Conference Board. The higher costs will create a need for employers to provide solutions to benefit employees providing care for ill or elderly parents, experts say.
Employee Benefit News (3/16) 
LinkedIn Twitter Facebook Google+ Email
Trump warns GOP not to oppose health plan
President Donald Trump has told Republican lawmakers they could lose their seats if they don't vote for legislation that would replace the Affordable Care Act. One House member notes a lack of detail of the plan, and several lawmakers are unconvinced.
Financial Advisor online (3/21) 
LinkedIn Twitter Facebook Google+ Email
Market Trends
Survey: Retirement savings stress out workers
About 6 in 10 US workers have saved for retirement, and 3 in 10 are stressed about such savings, according to the 27th annual Retirement Confidence Survey. About 4 in 10 respondents have tried to determine how much savings they will need to retire.
Pensions & Investments (free access for SmartBrief readers) (3/21) 
LinkedIn Twitter Facebook Google+ Email
Financial Literacy
Comfortable retirement savings are $1M, say 2 in 5 people
The latest survey from the Employee Benefit Research Institute finds that 37% of American workers estimate they would need at least $1 million to ensure a comfortable retirement, compared with 19% who quoted that figure a decade ago. However, the survey noted that the estimates are closely correlated to respondents' current income.
Financial Advisor online (3/21) 
LinkedIn Twitter Facebook Google+ Email
.
Featured Content
Sponsored content from Deloitte
Why are companies hesitant to purchase cyber insurance policies? Explore our new infographic.
Given the rise in cyberthreats and cyberattacks, why have so few financial services organizations fully embraced the cyber insurance market? Learn about the roadblocks along with steps the industry could take to overcome them. Download the infographic.
 
Demystifying cyber insurance coverage: Clearing obstacles in a problematic but promising growth market
Organizations continue to invest heavily in cybersecurity efforts to safeguard themselves against threats, but far fewer have signed on for cyber insurance to protect their firms after an attack. Why not? What roadblocks exist, and what steps could the industry take to help clear them? Read the report.
 
Click here to learn more about Featured Content
On the Economy
US stocks experience steepest fall since Oct.
US stock markets Tuesday had their worst day of trading since Oct. 11, with all the main indexes posting losses, including the Standard & Poor's 500 index and the Dow Jones industrial average. Financials and industrials were hit hardest, dropping 3% and 2% respectively.
MarketWatch (3/21),  United Press International (3/21) 
LinkedIn Twitter Facebook Google+ Email
The Adviser-Client Relationship
Judge won't grant injunction blocking fiduciary rule
US District Judge Barbara Lynn has denied a motion seeking an injunction to prohibit the Labor Department from enforcing its fiduciary rule while opponents appeal a ruling that upholds the legality of the rule. Lynn said plaintiffs had failed to satisfy any legal test to justify an injunction pending appeal.
ThinkAdvisor (free registration) (3/21),  WealthManagement.com (U.S.) (3/21),  InvestmentNews (tiered subscription model) (3/21) 
LinkedIn Twitter Facebook Google+ Email
Trump's SEC picks impossible to call, experts say
SEC
(Chip Somodevilla/Getty Images)
The industry consensus seems to be that President Donald Trump's appointments to the Securities and Exchange Commission cannot be predicted. Two vacancies will remain if the Senate confirms independent Jay Clayton as chairman.
InvestmentNews (tiered subscription model) (3/21) 
LinkedIn Twitter Facebook Google+ Email
 
  
  
To different minds, the same world is a hell, and a heaven.
Ralph Waldo Emerson,
writer
LinkedIn Twitter Facebook Google+ Email
  
  
Sign Up
SmartBrief offers 200+ newsletters
Advertise
Learn more about the SmartBrief audience
Subscriber Tools:
Contact Us:
Advertising  -  Abiy Bekele
P: 919.931.5915
Editor  -  Sean McMahon
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2017 SmartBrief, Inc.®
Privacy policy |  Legal Information