Automatic Enrollment a Win-Win

A study by Retirement Made Simpler, a coalition formed by the AARP, the Financial Industry Regulatory Authority and the Retirement Security Project (RSP), found strong employee approval of automatic enrollment in employer-sponsored retirement plans.

Employees surveyed were nearly unanimous in their support of being automatically enrolled—98% were happy their employer offered the savings vehicle. Most respondents felt the programs made saving for retirement easier (95%), and 85% thought it helped them start saving for retirement earlier than they originally planned.

Of those automatically enrolled, only 7% opted out of the plan.

According to RSP, companies using automatic 401(k)s typically see participation rates between 85% and 95%, in addition to increased participation among young, minority and lower-income workers.

Source: Financial Industry Regulatory Authority, .


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.