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A Project of The Annenberg Public Policy Center

Tag: IRA

No Government 401(k) Takeover

No Government 401(k) Takeover
December 11, 2012

Q: Is the Obama administration attempting to eliminate private 401(k)s and IRAs and create a “national retirement system”?
A: No. Obama endorses a proposal that would require businesses without retirement plans to establish private IRAs for their employees and deposit a percentage of wages into the accounts. Employees could opt out.

IRAs, 401(k)s and You

November 19, 2008

Q: Are congressional Democrats talking about confiscating IRA and 401(k) investment accounts?
A: No. There’s no plan to seize these accounts. One House witness at a committee hearing proposed to allow some people to trade their old accounts for a new type that would be less risky.