Financing Retirement
Opponents shouldn’t block 403(b)s from purchasing collective investment trusts. Anyone concerned about fees in retirement plans should be delighted that the use of collective investment trusts (CITs) that invest in the same assets as mutual funds has been increasing among 401(k) plans (see Figure 1) and that the SECURE 2.0 legislation allows 403(b) plans to…
Given that only about half of private sector workers are covered by an employer-sponsored plan at any given time, 16 states have launched – or are in the process of launching – auto-IRA programs that require employers without a plan to auto-enroll their workers in a Roth IRA. While these programs will help those without…
