SB 263 — which could be a model for other states — will decrease the number of sales of life insurance and annuities to consumers that are not in consumers’ best interests by prohibiting insurance producers from receiving incentives beyond allowable commissions or fees (such as prizes, rent reimbursement, etc.) for their sales and also prohibiting producers from making sales when they do not know if the product is in the consumer’s best interest.
Bill also covers sale of life insurance products.
If only Congress had adopted a 2003 Bush Administration plan to drastically simplify saving for retirement. We interview William Sweetnam the Benefits Tax Counsel at the Treasury Department from 2001-2005.
Classic bank run has many wondering how they can protect their savings.
Lobbying organization is actively working to make saving for retirement more expensive for educators.
Matt Raleigh on teaching and co-writing a saving-for-retirement guide for California teachers.