National Retirement Planning Week Wraps Up
The annual week-long effort to urge Americans to save for their retirement has concluded. Insurance and the financial services industry alike have applauded efforts that encourage workers to save appropriately for their retirement.
The National Conference of Insurance President and Louisiana Senator Dan Morrish said the awareness raised by the campaign is important to the lives of American workers.
"As someone who is closer to retirement than the beginning of my career, I recognize that sound retirement planning contributes significantly to the quality of life for Americans,” said Morrish.
This year’s efforts focused on legislation being considered to strengthen retirement planning across the country, including the rise in state-run retirement plans such as auto-IRAs and President Trump’s Executive Order on Strengthening Retirement Security in America.
Interest Rates Content For Now
Richard Clarida, vice chairman of the Central Bank said, “We don’t see a need now for a move in either direction.” This is a step back from its previous position of at least two rate hikes in 2019.
At a March Federal Open Market Committee, the Fed decided to adjust its 2019 forecast to no rate changes this year. Other members of the Committee said they would be open to the chance of rate hikes, should conditions improve.
American College of Finance Has A New RICP Director
The American College of Financial Services said that Wade Pfau will serve as the new Director of the Retirement Income Certified Professional Program. Pfau has been with the American College since 2013 as a professor of Retirement Income in the Financial and Retirement Planning Program.
George Nichols III, president and CEO of The American College of Financial Services said of Pfau, "Our focus is on continuing to enhance The College's role as an unmatched provider of retirement income knowledge and education. To that end, Wade is a world-renowned retirement income expert who has done groundbreaking work on the topic, and he has been a powerful driver of our RICP(R) curriculum since inception.”
AdvisorNews Managing Editor Cassie Miller may be reached at cassie.miller@Adnewsfeedback.com. Cassie has an extensive background in magazine writing, editing and design. Follow her on Twitter @ANCassieM.