The ERISA Industry Committee issued a statement to the Senate Finance Committee urging lawmakers to be "wary of unintended outcomes in considering changes to the tax rules for retirement savings."
Finance Committee Chairman Ron Wyden, D-Ore., set a strong tone at Tuesday's hearing with his opening statement, suggesting tax reform of IRAs is necessary to reform retirement policy.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
