Was reading some interesting stats the other day. According to the DOL, there are, like, 650,000 retirement accounts in the U.S…. 80% of which are 401(k) plans. When these plans were audited by the Employee Benefits Security Administration (EBSA) (which is the regulatory body that enforces the Employee Retirement Income Security Act which governs retirement […]
Why retirement plans are a big fat tax idiot
Let’s rap about why retirement plans are the basic bitch of the financial industry. First, the tax “benefits.” Everyone talks about them. But, where are they? Really… Enter, the professionals. The Society of Actuaries (which helps guide the design of pension and retirement plans) tells the general public what most financial planners have known for […]
Why retirement plans are a big fat tax idiot
Happy tax day! Let’s rap about why retirement plans are the basic b*tch of the financial industry. The not-so-obvious reason is the illusory tax benefits masquerading as some kind of amazing feat of mathematical wizardry. Enter, the professionals. The Society of Actuaries (which helps guide the design of pension and retirement plans) tells the general […]