"The Obama administration’s FY 2014 budget proposal included a cap on tax-deferred retirement savings that would limit the amounts accumulated in specified retirement accounts to that necessary to provide the maximum annuity permitted for a tax-qualified defined benefit plan under current law...
EBRI’s analysis finds that although a very small percentage of current 401(k) participants with IRA accounts have combined balances sufficient to be affected by the proposed limit immediately, over time—and depending on the applicable discount rates, whether a defined benefit pension is involved, and the size of the 401(k) plan—the impact could be much greater."
A full copy of the report is available here.
No comments:
Post a Comment
Please be aware that all comments are moderated before posting. As a result, there may be a delay between the time you submit a comment and when it is posted.