“Introducing the New Guard,” which appeared in Barron’s MFQ on July 6, showcases four managers who Barron’s identifies as having successfully made the leap from noteworthy careers at established asset management firms to becoming CEOs of their own firms. Read more
The Secure Annuities for Employee (SAFE) Retirement Act of 2013 is the latest attempt by lawmakers to address the retirement crisis in America. Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) introduced the bill with the intention of helping to strengthen America’s public and private retirement systems. “These are common-sense and long-overdue reforms to our nation’s savings laws,” Hatch explained in describing his proposed law on the Senate floor. The bill addresses three main areas of reform:
At the end of each school year, Arnerich Massena checks in with employee volunteers of the I AM Learning Partnership via Survey Monkey to find out how they felt the programs went, what was most valuable, and what could be improved. Survey results for the 2012-2013 school year are in (during which 38 employees volunteered their time), and volunteers were pleased with the programs and with the experience of volunteering.
The Supreme Court decided on June 26 that Section 3 of the federal Defense of Marriage Act (DOMA) was unconstitutional. Section 3 of DOMA defined marriage for federal law purposes to mean opposite-sex marriage. Read more
According to a new participant survey by J.P. Morgan Asset Management, 43 percent of participants intend to “wing it” in retirement, “planning to figure out how to live off of whatever they have saved when they decide to retire.” While this is not the only disturbing statistic to come out of the survey, it’s hard to be surprised anymore to learn about American workers’ unpreparedness for retirement.