Ted Godbout

Because many investors find it difficult to confidently turn retirement savings into lasting income, Vanguard has released a new white paper to help serve as a guide to build sustainable retirement income and help investors tailor strategies to their unique retirement needs.

The Department of Treasury and IRS on Friday announced that they plan to issue proposed regulations addressing the tax on so-called excessive compensation and excess parachute payments to employees of tax-exempt organizations under the One, Big, Beautiful Bill Act (OBBBA). The announcement came in Notice 2026-36, which explains how OBBBA expanded the application of excise tax on excess compensation by broadening the definition of covered employee of an applicable tax-exempt organization (ATEO).

During a hearing to review President Trump’s fiscal year 2027 budget request, Treasury Secretary Scott Bessent fielded questions on the administration’s plan to address the retirement plan coverage gap, as well as possible changes to Social Security. The June 3 hearing before the Senate Finance Committee covered a lot of ground beyond retirement policy issues, but Sen.