Chris DeGrassi, Executive Director of the National Tax-deferred Savings Association (NTSA) issued the following statement in response to tax reform legislation unveiled by the United States House of Representatives Ways and Means Committee Wednesday: “This legislation is being touted by Chairman Dave Camp (R-MI) as a comprehensive simplification of the tax code, but it threatens… Continue reading
Fox Business, Money with Melissa Francis (live): Saving for retirement in the worst-case scenarios
Saving for retirement in the worst-case scenarios ASPPA’s CEO, Brian Graff appeared on FBN’s Money with Melissa Francis to talk about various scenarios in which individual retirement accounts could be injured if Chairman Camp’s tax reform proposal was passed into law.
ASPPA Denounces Double Taxation in Rep. Camp’s Tax Reform Proposal
ASPPA CEO/Executive Director Brian Graff issued the following statement in response to the double taxation of retirement savings in the tax reform proposal unveiled by House Ways and Means Committee Chairman Dave Camp: “Chairman Camp’s tax reform proposal would subject all retirement plan contributions to the 10% surtax. The result is double taxation of these… Continue reading
Fiscal Times: 6 Reasons myRAs Won’t Ease the Retirement Crisis
6 Reasons myRAs Won’t Ease the Retirement Crisis Excerpt: “…require someone whose company doesn’t have any retirement plan to go to their employer and say she wants to do this, and then the employer would have to say ‘OK’ and put it in place,” says Brian Graff, executive director and chief executive officer of the… Continue reading
Financial Times: Don’t Curb ‘Death Master File’ Access for 401(k)s
ICI: Don’t Curb ‘Death Master File’ Access for 401(k)s Excerpt: “The Department of Commerce seems to intend for access to continue as groups go through the certification process, says Judy Miller, director of retirement policy at the American Society of Pension Professionals & Actuaries, another signatory to the letter. “But [the department’s intention] wasn’t clear,”… Continue reading
The Wall Street Journal: Do you know what’s wrong with your 401(k)?
Do you know what’s wrong with your 401(k)? Excerpt: “Experts also say that good advice is personalized and customized. And one way of telling whether the advice personalized is “if the adviser asks questions about (your) situation whether online, on phone, or in person,” said Fred Barstein, the founder and the CEO of the Retirement… Continue reading
San Francisco Chronicle: MyRA for workers whose employers don’t offer retirement plan
MyRA for workers whose employers don’t offer retirement plan Almost 72 percent of workers earning $30,000 to $50,000 who are offered a workplace retirement plan participate, whereas only 5 percent without a workplace plan open an IRA, according to a study cited by the American Society of Pension Professionals & Actuaries. {break} Brian Graff, chief… Continue reading