Republicans Warn Against Changes to 401(K) Policy - WSJ.com: "Republican lawmakers in the U.S. House of Representatives on Tuesday warned the Obama administration not to adopt any policies that could modify tax breaks generally provided to 401(k)-type plans.
The Treasury and Labor departments, in February, issued a 'request for information,' seeking input on 'arrangements designed to provide a lifetime stream of income after retirement.' That phrasing has been interpreted by some observers to mean a conversion to 'guaranteed retirement accounts' from defined-contribution plans, such as 401(k)s.
Republican lawmakers are concerned that implementation of some sort of guaranteed retirement accounts could mean that tax breaks on 401(k)-type plans would be ..."
Tuesday, May 4, 2010
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