The shape of 401(k) plans may be altered if discussions moveforward on reducing or completely eliminating tax deductions forretirement plans.
That's according to Pentegra Retirement Services, a White Plains, N.Y.-basedprovider of retirement plan offerings.
“The net effect on over-50 employees, in particular, could bedeeply devastating. But everyone's retirement savings are at risk if 20/20 or other measures takento reduce the deficit are implemented,” said Rich Rausser, seniorvice president of client services for Pentegra.
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