IRAs Content

The US retirement system is the envy of the world, thanks largely to the success of defined contribution plans—such as 401(k)s—and individual retirement accounts (IRAs). Together with Social Security, employer plans and IRAs have helped build the middle class, giving millions of...

The US retirement system is the envy of the world, thanks largely to the success of defined contribution plans—such as 401(k)s—and individual retirement accounts (IRAs). Together with Social Security, employer plans and IRAs have helped build the middle class, giving millions of...

February 5, 2024—Judging by some narratives, you might think that young Americans face a bleak financial future. Whereas Baby Boomers and older generations benefited from a robust economy and outsized investment gains, Gen Z and Millennials have suffered ballooning expenses and other...

The Investment Company Institute submitted a comment to the Department of Labor (the “Department”) on their proposed regulation defining who is a “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA), or an individual retirement...

Critics of the current retirement system often claim that Americans have insufficient income in retirement and that the system’s voluntary component is failing, leaving retirees too reliant on Social Security. 1 While these assertions are used to justify proposals to overhaul employer...

The Investment Company Institute (ICI) writes to reiterate our significant concerns with the Department of Labor’s (the “Department”) proposed amendments to Prohibited Transaction Exemption 84-14 (the “QPAM Exemption”), the longstanding exemption governing financial institutions...

US households felt the sting of high inflation in 2022. Sharp increases in consumer prices led to surging interest rates and a stock market downturn, driving steep losses in many investment accounts. This challenging environment generated financial headwinds to households of all...