Are they really preparing for retirement?
Individual Retirement Account (IRA)
Your state may soon be allowed to require employers to automatically enroll workers in savings plan if they don’t offer retirement benefits – if this bill passes.
As CFOs are well aware, the Department of Labor has said it plans to release a new rule on the definition of “fiduciary” as early as this fall. But if this bill passes, there’s little chance the agency will be able to do so.
Even though the majority of employees know not to lie about their T&E expenses, tools like this may make it too tempting for some.
Two very interesting things happened in the world of retirement planning this week that Finance pros will want to take note of.
With just a few weeks to go in one of the most contentious election seasons in history, political talk may be at an all-time high in your department. Tempers, too.
So by now you’ve gotten those W-2s into employees’ hands, but they likely haven’t been filed with the feds yet. And that’s a good thing.
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