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There's no shortage of bad ideas from Washington.

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Especially when Americans aren't saving near enough now anyway!

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Agreed 100%.
Devil's advocate would say advisors might have 16k/year more money per client, of those who already are there. And people might look to advisors to find out how to fund their retirement. Bottom line though: it ain't gonna happen.

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Terrible idea and could cause a market crash due to less fund flows.

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I'll clarify my earlier "it ain't gonna happen" prediction. I don't think the dollar amount to retirement plans will change ($18,500, more with catch-up); I DO think we'll see the pre-tax number change and see a bit of "Rothification" encouraged. Maybe 10k pre-tax, 8,500 Roth, etc.
The median 401k contribution in the US is 3K. Easy to see (though not necessarily agree with) the argument that the high limits only favor "the rich". Won't surprise me to see TOTAL limits not change BUT pre-tax vs Roth limits adjusted inside that number.

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Trump tweeted no thank you to this idea... we’re safe.

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What’s interesting is that would shift a lot of savings away from the DOL and historically lower fee accounts. I wouldn’t be surprised if that is being lobbied by some of the major firms similarly to the DOL changes. Even if they only got half of America to continue to save it would be more and certainly not be in a no low fee Institutional share class with no mgt fee.

Related Posts

How many days GE healthcare HR takes to update on 1st interview feedback?let me know

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Hi

Wellbeing Program
Employees will receive a reimbursement of up to INR 10,000 for eligible expenses per calendar year.

What's this program in S&P Global?

People worrying today should read books on trading psychology! Not being patronizing- it will help you in the future, not just for investments but for doing better in life!

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Hi All,

I have a managerial round(maybe the last round) tomorrow with Delta Air Lines. Can you let me know what package should I ask the hiring manager?

Experience: 6.6 years

Tech Stack: Java, AWS, Spring Boot, Kubernetes

The role I had Interviewed for -> Lead Developer - AWS

Also how good is Delta Airlines in this Recession Period? what are the benefits we get? And is it WFH or 3 days Office in a week?

Thank you

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Anyone take the job for the travel benefits and then had no travel projects.... can't figure out if I should be annoyed or if it's a blessing in disguise

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Anyone have recommendations on 401k administration and visa process education or certification programs? I know bare minimum on both and really want to up my game. TIA!

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Should I continue to contribute to 401k roth or should I move to conventional? I contribute the max. My employer contributes 7.5% as conventional. I’m 38 and in the 24% tax bracket.

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anyone have any insight in Apple's work culture, workloads balance and benefits in genera? i'm in interviews with them right now + Twitter Apple

likeuplifting

Director trying to make a decision. Making a move somewhere where I plan to be partner eventually. Choice between a firm that I enjoyed and left to get more challenge work and another firm that has a better compensation structure and benefits. More in the thread on my thoughts

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Bain & Company Hi Fishes,

Can anyone please refer me Bain & Company for healthcare associate profile.

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How do you find firms/books of business to buy? All the posts on here are buyers looking for sellers. Where do you go to find someone looking to sell or retire?

How much are you guys able to save each month?

Provide Age & salary for context etc.?

likehelpful

Does anyone have leads for a recent MPH Epidemiology grad with 0-2 YOE to get into consultant roles in Healthcare/life sciences?

Second question: what sort of work experiences are companies like flatiron and komodo health looking for to work in RWE/heor? I'm not sure how to leverage Epidemiology to get into that space :(

Hi fishes
Do Global logic has openings for reactjs dev? And how is work culture benefits and do they have wfh positions right now?

Hello all, I hope you’re all having a fantastic day/evening. I’m a Case Manager for TZ Insurance, aka Tranzact. Does anyone know of anything I could apply for at other companies/positions with my skill set? I don’t want to be a sales agent, though I have a Health/Life Insurance License in my state (& a few others). I review new applications with clients. I’m sick of dealing with all the 65+ & disabled people who are always irate & impatient, inside the “Medicare” area of Health Insurance.

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Hi Fishes,
Need help with a tax query.

I am earning 85k/month now. Thinking to purchase a land of around 15L, not just for investment but to build our own house on it in future.

Though I can somehow manage it without taking a land loan. But I was wondering if I can take some to avail tax benefits.

So my doubts are - Can I avail tax benefits (like home loan) before construction? If I take the loan just to enjoy tax benefits then how much loan should I take at most? Have only ~68k EPF in 80C

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How do you balance retirement savings with shorter term goals? I max Roth IRA and put in 10% to 401k on top of 7.5% employer contribution. But I also want to save for events in 3-10 years like bschool living expenses (tuition will be covered by sponsorship), wedding, down payment, and parents’ retirement. I’m also paying 1k monthly to student loans to get rid of them by EOY 2021. I understand I’ll lose out on tax/compounding benefits, but I’m assuming my future earnings...

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Hi,

KPMG has mentioned in offer that they shall provide reimbursement for purchase of home computer for 1L once every 3 years

Is this right???

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Hi Guyss,
Can you please tell me
- in hand Salary
- how much will be tax deductions &
- how to save tax (in detail ,like how u r doing ) ?

Your help & suggestions will be welcomed from heart ❤.
Thanks alot 😇🙏

Tata Consultancy Accenture Capgemini Infosys Wipro

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Hello Sharks,

Any suggestions on best term and health insurance. And what points we should keep in mind before considering the option?

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Praying for the scientists that are working to find a vaccine/anti-viral med. You are the true heroes.

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Does anybody love their job and have openings there?

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Can someone please help me to decide between Zee entertainment enterprise ltd and Deloitte for 3 YOE in NodeJs Developer ?

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McKinsey & Company Bain & Company Anyone would like to support a referral at Boston Consulting Group Bain & Company or McKinsey & Company? Post-MBA level. US base only. Would love to share more about my background in DM.

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Hi fishes, Anyone working in cognizant mysore campus?

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Hi google. It's my dream company. I working as a profession Data Analyst. So I observe a many technical things. As I said their is a bug I find in a Google Meet on a meeting. Google meet eventually creates a Multiple windows at a time. Can you fix this bug. I usually see this many times.

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Hi Fishes

I am earning decently here in India and have an offer for 30k in Abu Dhabi ( I got it through Linkdin😎).
Though all my formalities are done and i am set to go, i am having second thoughts about this move regarding how my life will be in a conservative country and will I be able to find people with a similar mindset. Has someone in the group faced something like this before an abroad move ?
Will really appreciate it if sm1 residing in UAE can let me know how life is like there.

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If someone walked in with a machete and you had to cut off a finger for $2M would you do it?

likefunny

Excel for Strategy Consulting: does anyone have a cheat sheet of all the most important functions?

likefunny

Hi all, my startup is downsizing unfortunately. If anyone has any leads on job openings would really appreciate it. Looking for brand strategy roles (agency or in house), as well as PR. Pls DM. Thanks

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anyone looking for data engineering referrals in Novo?

Hi, anyone have insight as to salary for Stryker Clinical liaison position? Specifically medical safety specialists? It’s a remote position

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Has anyone gone through the Booth EMBA in the London or Hong Kong campus? I’m in my early 30s, currently in Econ consulting (v quant and technical) and would like to move into corporate (general strategy / management). Would an EMBA be a good step?

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Looking for a Remote role - I am an experienced Senior Payroll Specialist with sequel experience. Interested in Remote HRIS and Implementation as well

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Looking for a Job change, currently working as a business analyst having 8 YOE, NP 3 months.

Any M or SM please DM me.

Free to discuss on opportunity.

Hi KPMG lighthouse is part of technology or consulting / advisory. Can any one help with levels please.

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Has anyone switched from Pharma Advertising to non-Pharma as an account person? How did you go about doing so?

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How do you all ever catch up on sleep? I feel like I've been in a constant state of exhaustion for over a year now.

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At the end of your presentation to a new prospect, what's your most effective call to action?

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not sure if I want people to know a lot about me outside of work. I'll share info but not proactively or as openly as everyone else does. Not antisocial, just guarded. This is going to limit me huh?

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Does anyone have a pilots license? Do you own a plane?

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Does everyone on here work crazy hours? Am I the only one that goes out and relaxes? It feels like every post is about finding time for yourself or the stress of the job 😬

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How often do you contact your clients?

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