Will Washington change the rules for retirement investing?
Posted on 23 January 2010
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/will-washington-change-the-rules-for-retirement-investing
In the wake of the 2008 market crash, lawmakers and policy experts have been scrambling for ways to improve on investor protections. Nothing’s happened yet, mainly due to Congressional pre-occupation with health care reform. But 2010 could be the year for reforms that affect retirement investors, including fee disclosures, required annual projections on lifetime income from holdings and an automatic IRA bill that would require small businesses that don’t offer retirement programs to give employees access to a low-cost government-sponsored plan. Reform of target-date fund rules also could be in the offing.
Robert Powell has a handy round-up on possible retirement investing reforms at MarketWatch.com. He thinks much will depend on the political re-alignment of the U.S. Senate, and whether health care reform stays at center stage this year.
