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Defending the 401(k) with ICI's Sarah Holden
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The 401(k) has been under attack on multiple fronts lately.
Between calls for eliminating their tax advantages to prop up Social Security to Bernie Sanders pining for a return to pension plans, and momentum seeming to build for the TSP-like “Retirement Savings for Americans Act” that many in the workplace retirement market believe would constitute unfair competition from the federal government, it’s enough to have retirement plan advisors feeling a little defensive these days.
Fortunately, plenty of retirement industry experts have stepped up to answer these attacks, and today’s podcast features a prominent one in Sarah Holden, senior director of retirement and investor research at the Investment Company Institute.
ICI has been very active in debunking recent attacks on defined contribution plans, and Holden makes some great points in defense of the 401(k).
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