Impact of Obama’s retirement

As expected, the White House budget calls for legislation that would prohibit individuals from accumulating more than $3 million in individual retirement accounts and other tax-preferred defined contribution retirement accounts, such as 401(k)s. With the release of the full budget details April 10, it became clear the proposed cap would...

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As expected, the White House budget calls for legislation that would prohibit individuals from accumulating more than $3 million in individual retirement accounts and other tax-preferred defined contribution retirement accounts, such as 401(k)s. With the release of the full budget details April 10, it became clear the proposed cap would apply not only to individual accounts (such as IRAs and 401(k)s) but to defined benefit pension plans, as well.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account? Sign In Now

Dig Deeper

Recommended Stories

The financial burden of cancer treatments prices some out completely

Scott Wooldridge | January 24, 2020

The high cost of treatments leaves low-income consumers unable to afford it, and even those who can feel the financial toll.

12 worst states for retirement: 2020

Michael S. Fischer | January 24, 2020

These states ranked lowest for retirement on quality of life, affordability and health care.

Voluntary benefits: 2020 and beyond

Trey Loughran | January 24, 2020

Building on the growth and diversification of product offerings over the past ten years, the voluntary benefit industry is poised for expansion and increased adoption over the next decade, as talent attraction and retention continue to a top priority for employers.

Resource Center

This popular strategy can create unforseen ripple effects and your clients (and their employees) need your help to address the problems.

Infographic

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Exclusive discounts on BenefitsPRO.com and ALM events.