Month: October 2021

The retirement pioneer: Meet Brad Arends

Most wealth firms looking to build a national footprint wouldn’t start in Pella, Iowa. Then again, Intellicents’ chief executive, Brad Arends, isn’t like most wealth management executives. With a mission to help middle-American laborers achieve retirement through employer-sponsored savings plans, Arends has focused his firm’s expansion not on affluent metropolitan hubs but on towns with …

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Hochul signs legislation ensuring retirement plan for private sector employees

ALBANY, N.Y. (NEWS10) — New York Governor Kathy Hochul has signed legislation ensuring retirement plan options for private sector employees. The legislation requires private sector employers who do not provide a retirement plan to automatically enroll employees in New York State’s Secure Choice Savings Plan. “Part of ensuring that New Yorkers are financially stable is …

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Retirement of Andro Buslje Continues Change for Croatia Water Polo

Retirement of Andro Buslje Continues Generational Change for Croatia Men’s Water Polo Croatia men’s water polo captain Andro Buslje has announced his international retirement, one of several key veterans to end their international careers after the Tokyo Olympics. Vice-captain Maro Jokovic and center Luka Loncar have also retired. Center Xavi Garcia announced his retirement from …

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NRDC: Feds Move to Protect Investors, Pensions and Retirement Plans from Financial Climate Risk

WASHINGTON (Oct. 21, 2021) – The nation’s top financial regulators issued a report today that marks the federal government’s initial efforts to tackle the rising risks climate change pose to our financial system. The Financial Stability Oversight Council report was called for by President Biden in a May executive order seeking a government-wide effort to address financial risks from climate change and its impacts. The following …

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More Workers Keeping Assets in DC Plans After Retirement: J.P. Morgan

The new research draws on actual saving and withdrawal patterns from some 4,500 DC plans with more than 1.4 million participants, sourced from MassMutual Financial Group. Retiree spending data comes from more than 5 million de-identified JPMorgan Chase Bank households. Evolving Glide Path Based on its understanding of the saving and spending patterns of plan …

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J.P. Morgan Research Reveals More Retirees Keeping Assets in DC Plans Post-Retirement, Spending Significantly More Than Expected in Early Years of Retirement

Industry-first research draws upon real-world data to explore Defined Contribution plan participants’ holistic lifecycle from saving to spending Published: Oct. 21, 2021 at 7:55 AM CDT|Updated: moments ago NEW YORK, Oct. 21, 2021 /PRNewswire/ — J.P. Morgan Asset Management today released new defined contribution research that reveals 42 percent of participants are leaving balances in their …

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