Andrew Remo

Let’s Save Retirement … By Killing the 401(k)

By Andrew Remo 9/2/2014

Its authors may not have led with that title, but a recent paper calls for wholesale changes to the way Americans currently save for retirement, including suspending all defined contribution savings arrangements because “they are complex, costly, and challenging for employers and employees to... READ MORE

Academic Paper: Federal Support for Retirement Income Is Progressive

By Andrew Remo 8/27/2014

A new academic paper, unveiled at the 16th Annual Meeting of the Retirement Research Consortium held Aug. 7-8, concludes that the net benefits of Social Security combined with the tax benefits for retirement savings are larger as a share of income for lower-earning workers than for higher-earning... READ MORE

New Report Details Increasing Costs of Retirement Savings Tax Incentives

By Andrew Remo 8/14/2014

The Joint Committee on Taxation (JCT), the congressional scorekeeper of tax legislation, on Aug. 5 issued its latest estimates of the increasing costs of the tax incentives for retirement savings. The numbers are eye-popping. JCT projects that:• the tax exclusion for saving in DC plans will cost... READ MORE

Hill Action Affects Retirement Plans

By Andrew Remo 7/23/2014

Congress is expected to wrap up its business for the summer in the next two weeks as members continue to work through an extremely limited set of issues in which the two parties can find common ground in this election year. The first of those issues to address is transportation infrastructure... READ MORE

Tax Bills Would Affect IRAs, Pensions

By Andrew Remo 6/2/2014

The political dynamic at play between the House of Representatives and the Senate regarding the annual federal spending bills also applies to taxes, as Congress considers tax legislation that includes provisions impacting IRAs and multi-employer pension plans. As with federal spending bills, the U.... READ MORE

Workplace Savings Key to Boosting Women’s Retirement Security, Experts Tell Congressional Panel

By Andrew Remo 5/22/2014

The Joint Economic Committee, a bicameral congressional committee charged with studying matters relating to the United States economy, held a hearing May 21 that examined the unique issues that women face in retirement. Sen. Amy Klobuchar (D-Minn.), vice-chair of the committee, convened the hearing... READ MORE

Sen. Rubio: Open Federal Savings Plan to Private Sector

By Andrew Remo 5/14/2014

Lauding the federal Thrift Savings Plan as “one of the most efficient savings plans in America,” Sen. Marco Rubio (R-Fla.) urged that the DC plan for federal employees be made available to private workers nationwide. Rubio, a potential 2016 presidential candidate, floated the idea in a May 13... READ MORE

Connecticut Legislature Approves State-run Plan for Private Sector

By Andrew Remo 5/8/2014

The Connecticut legislature passed legislation May 8 that would establish a board to study, and then implement, a public retirement plan for private sector employers. The measure awaits the signature of Gov. Dannel Malloy (D); ASPPA sent the governor a letter supporting the bill and urging him to... READ MORE

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