Here’s the irony of the tax saving incentive. If it’s wildly successful and leads to very large retirement accounts, the required minimum distributions at retirement may place the now retired employee in a higher tax bracket than the one experienced while working.
Tag "403b"
![SECURE 2.0: Over-Hyped or Game-Changer?](https://fiduciarynews.com/wp-content/uploads/2023/01/Capitol-Building-harold-mendoza-6xafY_AE1LM-unsplash-660x395-1-scaled-505x306_c.jpg)
We asked retirement advisors from across the country whether they felt SECURE 2.0 had been over-hyped or represented a game changer. Here’s what they said on a few key issues.
![DOL Updates Fiduciary Rule Guidelines – What Changed?](https://fiduciarynews.com/wp-content/uploads/2021/04/book-1241280-660x395-1-505x306_c.jpg)
Although the Rule appears to be directed primarily at service providers, plan sponsors still have a fiduciary duty to monitor plan compliance, and that includes complying with the demands of this new rule.
![What Trump vs. Biden Means to 401k Plan Sponsors and the Typical Plan Fiduciary](https://fiduciarynews.com/wp-content/uploads/2020/10/white-house-1225488-660x395-1-505x306_c.jpg)
Before you start to panic, take a deep breath and relax. The retirement savings industry is an aircraft carrier. It can’t turn on a dime.
![FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 3/29/19](https://fiduciarynews.com/wp-content/uploads/2019/03/1020805_25983300_Trending_Topics_2019.04.01_stock_xchng_royalty_free_660x395-505x306_c.jpg)
Compliance mixed bag, SEC BI DOA? and “Investments: The Sequel”
![FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 2/22/19](https://fiduciarynews.com/wp-content/uploads/2019/02/1020805_25983300_Trending_Topics_2019.02.25_stock_xchng_royalty_free_660x395-505x306_c.jpg)
Retirement policy freak out, fiduciary rumbles, and “She Loves Fees” (yeah, yeah, yeah).
The Irony Of Taxing 401k Plans To Save Social Security
Worse, if the “alternatives” alluded to by the paper entail government backed programs like Social Security, this could have a debilitating impact on encouraging people to be responsible for funding their own retirement.