Keyword: non-highly compensated employees

An Obamacare-sized Prescription for a Retirement Crisis Misdiagnosis

In an opinion piece in July 22’s edition of The New York Times, Gene B. Sperling, former Director of the Economic Council under the Office of White House Policy for President Obama, put on a white lab coat and diagnosed the tax incentive system for private retirement savings with a serious illness by cherry picking data points to paint his desired picture.    Read More

Populism Sans Facts

I was excited to hear that President Obama would be addressing the issue of retirement security in a series of speeches last week focusing on his policy agenda. That is, until I actually heard him do it. Speaking at Knox College in Galesburg, IL, on July 24, the president took the stage and made an irresponsibly misleading assertion about our so-called “upside down” retirement system.   Read More