Experts warn about risks of retirement-incentive cuts:

04/18/2012 | AdvisorOne

Changing the U.S. tax code to reduce incentives for retirement savings is "a gamble we cannot afford to take when dealing with the retirement security of working and retired Americans," lawyer Randolf Hardock testified at a House hearing. Jack Vanderhei of the Employee Benefits Research Institute told lawmakers that defined-contribution plans are the largest contributor, outside of Social Security, to retirement wealth for baby boomers and Generation X.

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