The vast majority of 401(k) plan participants and their beneficiaries are on their own to make savings last throughout the remainder of their lives.
A congressionally-sponsored commission has recommended significant changes to military retirement benefits that would apply to newly enlisted and commissioned service members.
The law will require employers to either offer an employer-sponsored retirement plan or automatically enroll their employees into the new Secure Choice program.
As we have written about and has been widely known for some time, the Highway Trust Fund (HTF), which finances federal spending on surface transportation and infrastructure, is on track to be exhausted in the coming weeks. The HTF finances a variety of projects across the country to maintain and improve surface infrastructure, including roads, bridges, and public transit.