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
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.
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
Bloomberg: Obama Offers Retirement Savings Plan for Workers Lacking 401(k)
Obama Offers Retirement Savings Plan for Workers Lacking 401(k) “…This isn’t earth-shattering stuff,” said Brian Graff, the chief executive officer of the American Society of Pension Professionals & Actuaries. “But it is a step in the right direction to get more people saving for retirement, which I would think is a bipartisan issue…” “I don’t… 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
CNBC: How a US default could hit your finances
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
The Dayton Daily: Ohioans worry about shutdown’s impact
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
MSNBC’s The Cycle: If we default (video)
“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.”
CNBC Power Lunch: Moving target, America’s retirement at risk (video)
ASPPA’s debt ceiling debate was mentioned in CNBC’s Power Lunch broadcast on October 11, 2013.
Takeaways from the Latest Washington Update
Judy Miller provides an update on retirement related legislative and regulatory activities in Washington to the ACOPA Advanced Actuarial Conference.