Obama’s budget bad for 401(k) savers


Scott Hanson
CNBC
March 19, 2014

President Obama’s proposed budget for 2015 would be a disaster for the millions of Americans who are underprepared for retirement. This plan would reduce the tax incentives for employers to offer retirement plans to their employees.

Let’s examine the backdrop.

Our country’s retirement situation is a mess. Social Security is grossly underfunded and is headed for insolvency, yet neither political party has the guts to offer any real solutions.

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