Retirement industry slams Obama’s 401(k) cap Excerpt: “The plan gets shuts down when the business owner has no incentive to continue with the plan, and the plan participants are impacted,” says Brian Graff, chief executive of the American Society of Pension Professionals and Actuaries. He says studies have shown plan participants are 15 times more… Continue reading
For retirement, are R-Bonds right for you? MarketWatch Excerpt: “And Judy Miller, the executive director of American Society of Pension Professionals and Actuaries (ASPPA), a national organization for career retirement-plan professionals based in Washington, D.C., said the following: “I don’t see this expanding the number of people who have retirement savings, but I do see… Continue reading
Department of Labor Expands Audit and Enforcement Focus, Imposing $1.27 Billion in Fines Excerpt: “According to the National Association of Plan Advisors, in the 12 months ending Oct. 1, 2012, more than 300 investigations resulting in $1.27 billion in fines were levied by the United States Department of Labor’s Employee Benefits Security Administration (EBSA). EBSA… Continue reading
How a US debt default could hit your finances Excerpt: “If the debt ceiling stalemate doesn’t end, retirement accounts could be very hard hit. A report out Tuesday from the American Society of Pension Professionals and Actuaries predicts private pension plans will take a hit of more than $2 trillion (losing in excess of 20… Continue reading
Market Watch - Duly Noted Excerpt: “U.S. workers could see their retirement savings tumble 20% if Congress and the president fail to craft a deal to raise the federal government’s $16.7 trillion debt ceiling, a new report shows. According to the Association of Pension Professionals & Actuaries’ (ASPPA) “Retirement Savings Will Suffer if Congress Does… Continue reading
Ohioans worry about shutdown’s impact Excerpt: “This isn’t just a Wall Street problem; it’s a Main Street problem,” said Brian Graff, CEO of the American Society of Pension Professionals and Actuaries. New research published by the ASPPA shows that failure to raise the debt ceiling by Thursday could cause American workers’ account balances to drop… Continue reading
“Potential economic ripple effects of default. The Daily Beast’s Dan Gross joins The Cycle hosts to hash out what the economic implications would be if the U.S. defaults on its debt.”
ASPPA’s debt ceiling debate was mentioned in CNBC’s Power Lunch broadcast on October 11, 2013.
ASPPA’s debt ceiling study was mentioned in CNBC’s Street Signs October 11th broadcast.
WSJ’s MarketWatch reporter Diana Blass reports on the impacts to America’s retirement accounts if the US defaults on its debt obligations. Read more below. Report: Default would cost savers $2 trillion “Nobody knows exactly what will happen if Congress and the Obama administration fail to reach an agreement to raise the debt ceiling by the… Continue reading