Our daily roundup of retirement news your clients may be thinking about.
Elizabeth Warren wants to rescue stranded 401(k) plans Sens. Elizabeth Warren, D-Mass., and Steve Daines, R-Mont., have introduced legislation that calls for a database of all retirement accounts, and for investing abandoned accounts in target-date funds, according to this article on Bloomberg. The bill is intended to offer a solution to the retirement rollover problem. “This is a commonsense approach that will empower individuals to take control of their retirement future,” said the Montana senator in a statement. –Bloomberg
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