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Retirement Made Simpler News
June 30, 2009
Each issue of Retirement Made Simpler News delivers important news, research, updates and more to your inbox.
Who is Retirement Made Simpler?
Three different organizations—AARP, the Financial Industry Regulatory Authority (FINRA), and the Retirement Security Project (RSP)—committed to automatic 401(k)s and helping employers and their employees save more effectively. Meet the Organizations
In the News
Employers Back 401(k) as Vital Retirement Savings Tool According to New Study from CFO Research and Charles Schwab
New study finds majority of senior finance and human resource executives in corporate America support the 401(k) as an effective savings tool for retirement. White Paper
Testimony before the Subcommittee on Financial Institutions and Consumer Credit Committee on Financial Services, U.S. House of Representatives
FINRA has teamed with the Retirement Security Project and AARP to establish "Retirement Made Simpler," an effort to increase participation rates and contribution levels among employees whose companies offer 401(k) plans. Full Testimony
 Changes on the Way for Target Date Funds?
The Department of Labor and the Securities and Exchange Commission hosted a joint, all-day hearing featuring dozens of investment advisors, fund representatives, and industry analysts last week to determine whether target date funds require increased regulation or disclosure. CFO Magazine
President Signs Bill Containing Thrift Savings Plan Auto-Enrollment Feature
President Barack Obama signed the Family Smoking Prevention and Tobacco Control Act. While the primary focus is on giving the Food and Drug Administration regulatory authority over tobacco, the bill also has a number of provisions that impact the federal government's Thrift Savings Plan. New federal employees will be automatically enrolled in the TSP. They will be able to opt out and get a refund within 90 days if they do not wish to participate. FedSmith
Two Cheers for Automatic IRA Enrollment
Something must be done to encourage employees of small companies to save for retirement. As many as 78 million such workers aren't saving for the future and ultimately will depend solely on Social Security for retirement income. Investment News
On our Site
Benefits of Auto
Employees need to save more, but many are simply overwhelmed by the decisions they have to make and don’t enroll. By automating your 401(k), employee participation rates can spike to between 85 percent and 95 percent, particularly among those who are least likely to participate in a traditional plan: women, minorities, and low-income workers. Benefits
Success Stories
Companies like yours have successfully implemented automatic 401(k)s. This is your chance to learn the ins and outs of automation from those that already have done it. Read more
Resources and Tools
Investment Strategies
Employees should consider several factors when investing. Read more about investing strategies
Investment Calculators
Need to know how much it takes to retire comfortably? These calculators can help
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