Tag: retirement income system
The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 – three years of COVID, economic disruption, and unprecedented fiscal support – and 2022 was also a terrible year in terms of stock and bond returns. Despite the unusual circumstances, employment remained strong, the stock market –…
In December 2019, Congress passed the SECURE Act, the first major piece of pension legislation since the Pension Protection Act of 2006. Proponents have characterized the passage of the SECURE Act as “a great victory for plan sponsors and American workers.” I would characterize the legislation somewhat differently – the changes are generally positive but…
