Conflict-of-Interest Rule: The White House Weighs in

Conflict-of-Interest Rule: The White House Weighs in

Part of Invesco’s Legislative Insights series

President Barack Obama has officially directed the Department of Labor (DOL) to move ahead with a re-proposal that would raise investment advice standards for brokers handling retirement accounts.

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Fees Pleas: Fiduciary Breach Case May Realign Retirement Plan Advising

Fees Pleas: Fiduciary Breach Case May Realign Retirement Plan Advising

On Feb. 24, the US Supreme Court will hear oral arguments in the Tibble v. Edison International case, one of the first lawsuits brought by employees against their employers for excessive 401(k) fees. The outcome could affect how financial advisors work with their retirement plan clients.

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Time to Review Your New Year’s Resolutions?

Time to Review Your New Year’s Resolutions?

If you’re on track with your New Year’s resolutions, you’re in the minority. According to a 2014 study,1  62% of resolution makers didn’t succeed. The three top reasons included:

•  Setting unrealistic goals (35%).

• Failing to keep track of their progress (33%).

• Forgetting about their resolutions (23%).

But even if you’ve already bailed on budgeting and wobbled on working out, it’s never too late to recommit to fitness — both fiscal and physical.  

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Give and Take: Retirement Provisions in the 2016 Budget Proposal

Give and Take: Retirement Provisions in the 2016 Budget Proposal

As expected, President Barack Obama’s fiscal year 2016 federal budget proposal, released on Feb. 2, includes many retirement-related items. Here’s a brief recap of key retirement provisions.

Automatic IRAs. Any employer that has been in business for at least two years, employs more than 10 workers and doesn’t sponsor a retirement plan would be required to automatically enroll its employees in a payroll-deduction IRA — but workers could opt out. Employers would receive up to a $3,000 as a tax credit.

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Predictive Power: Phil Versus Tom

Predictive Power: Phil Versus Tom

It’s Groundhog Day, when Punxsutawney Phil’s shadow overshadows meteorologists to predict how much longer winter will last.  This quirky observance traces back to a German custom of watching a badger’s activities to predict the arrival of spring for crop planting.  Immigrants brought the tradition to Pennsylvania, but not badgers, so groundhogs were substituted. But don’t bet the rent on Phil’s prediction — his accuracy rate is no better than tossing a coin.1

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State of the Union Address and Retirement Proposals

State of the Union Address and Retirement Proposals

Many people have asked me how the retirement proposals in a fact sheet published before President Barack Obama’s State of the Union address will affect them. The answer is they won’t — only proposals that become law affect citizens.

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