Fair Disclosure for Retirement Security Act
The House Subcommittee on Health, Employment, Pensions and Labor today approved landmark legislation by a 13 to 8 vote that would expose hidden 401(k) that may be eating into Americans' retirement security. The bill will be considered by the full Education and Labor Committee.
The 401(k) Fair Disclosure for Retirement Security Act (H.R. 1984) will help workers shop around for the best retirement options by requiring simple fee disclosure on the investment options contained in their employer's 401(k) plan. Current law does not require all fees workers pay to be disclosed; and even for information that is available, it can be difficult for workers to find and evaluate.
Source: edlabor.house.gov - 06/17/2009
Further Reading About The Retirement Security Needs Lifetime Pay Act (2009 H.R. 2748):
- Annuities Receive Attention In A Proposed Bill
- Bill Boosts Income Annuities
- Bill To Offer Tax Incentives For Annuity Conversion
- Bill Would Let Seniors Take Retirement Funds Through Annuity
- Buy An Annuity And Get A Tax Break Too
- Fair Disclosure For Retirement Security Act
- Groups Applaud Proposed Retirement Security Legislation
- Legislation Provides Incentives For Annuitizing Distributions
- Lifetime Annuities - The Retirement Security Needs Lifetime Pay Act H.R. 2748
- NAVA Lauds Introduction Of Critical Retirement Security Legislation
- New Bill Would Reduce Taxes On Lifetime Annuity Income
- Quiz Question: Proposed Tax Exclusion
- Retirement Security Needs Lifetime Pay Act Would Help Solve Nations Retirement Income Crisis
- Tax Break For Buying An Annuity
