Ignites: Tax Overhaul Would Hurt 401(k)s

Tax Overhaul Would Hurt 401(k) s: Retirement Industry  (Note: subscriber only content) Excerpt: “Industry groups, including the American Society of Pension Professionals & Actuaries, the Investment Company Institute, American Benefits Council and Insured Retirement Institute, issued statements after Camp’s introduction of the proposal last week. A 10% surtax on plan contributions for high-income workers would… Continue reading

Obama’s 2015 Budget Is a House of Cards

The following is a statement from Brian H. Graff, Executive Director/CEO of the American Society of Pension Professionals & Actuaries (ASPPA) in response to the proposed fiscal year 2015 budget President Barack Obama released today: “Unfortunately, this year’s budget proposal includes the same wrong-headed attacks on employer-sponsored retirement plans as last year. The double tax… Continue reading

The Wall Street Journal: Rep. Camp Weighs Expanding Use of Roth Savings Accounts

Rep. Camp Weighs Expanding Use of Roth Savings Accounts Excerpt: “But supporters could argue that switching more savings to Roth-style accounts would ultimately produce more dollars for beneficiaries, at a time of concern about many Americans’ meager savings. That could be preferable to other changes that would harm Americans’ ability to save, said Brian Graff,… Continue reading