Excerpt: “Though Rubio is attempting to confront the widespread problem of saving too little for retirement, his proposed solution is not addressing the cause of the issue, says Brian Graff, CEO of the American Society of Pension Professionals and Actuaries. “It’s surprising, in a word, from a Republican,” Graff says of Rubio’s proposal. “It sounds… Continue reading
Bloomberg BNA: Legislators Push for Retirement Overhaul As They Prepare for Their Own Departures
Excerpt: “Tax Overhaul: On the Republican side, Rep. Paul D. Ryan (Wis.) may succeed Rep. Dave Camp (Mich.), who announced his retirement in March 2014 as chairman of the House Ways and Means Committee and continue a pursuit of a tax overhaul, said Judy A. Miller, director of retirement policy at American Society of Pension… Continue reading
Fiduciary News Exclusive Interview: Brian Graff Blasts Stupid Retirement Suggestions from Capitol Hill
Excerpt: “FN: At the NAPA Summit in New Orleans recently, you got into a debate with Teresa Ghilarducci about her idea to require all 401k plans to include index funds. Can you give us a recap of her position and why you disagree with it? [For background, readers may be interested in reviewing “Does the… 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.
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.”
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.