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Abstract As the gap between retirement resources and needs grows, many researchers have prescribed the antidote of working longer. But this prescription may disadvantage lower socioeconomic status (SES) households because they have shorter lives than higher-SES households, and working longer may increase existing disparities in retirement durations. This paper uses data from the National Longitudina…
Findings suggest eliminating broad carve-out for platform providers in DOL’s Proposed Rule. The Department of Labor is engaged in a major effort to enhance the definition of “fiduciary” in order to protect retirement plans and participants from conflicts of interest and biased advice. The notion is that broker/dealers and others involved in the process fac…
