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Obama’s Budget Pushes Auto-IRAs, Voices Support for DOL

January 29, 2016

January 28, 2016 |By Alex Padalka |Financial Advisor IQ

This week, President Barack Obama unveiled provisions in his upcoming budget proposal to automate retirement saving plans and reiterated his support for the Department of Labor’s fiduciary rule – two measures the industry continues to fight by any means necessary, according to news reports.

Obama’s proposed budget includes $100 million slated for exploring ways to make retirement benefits portable and available to part-time and self-employed workers, the Wall Street Journal reports. The strategy is aimed at encouraging retirement saving in an era when 401(k)s and IRAs have replaced pension plans and one-in-three American workers don’t have access to employer-provided plans, according to the White House, the Journal writes.

 

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.