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
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
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 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
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