In a 1/27/16 article in PLANSPONSOR, Rebecca Moore examines President Obama's announcement of retirement savings portability initiatives, beginning with his State of the Union Address, and becoming more-defined in his 2017 budget proposal. RCH CEO Spencer Williams comments on Obama's initiatives, and portability in general, stating "if we remove the friction, more plan participants will stay in the system." Williams goes on to mention pending guidance on the use of negative consent from the Department of Labor.
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Individuals should consult their tax advisers or legal counsel for advice and information concerning their particular situation. Retirement Clearinghouse does not give legal, investment, or tax advice. IRA account fees and product information provided by Retirement Clearinghouse, LLC is subject to change without notice at the discretion of the IRA Provider. Securities are offered through RCH Securities, LLC, a wholly owned subsidiary of Retirement Clearinghouse, LLC and a member of FINRA (www.finra.org). RCH Shareholder Services is a wholly owned subsidiary of Retirement Clearinghouse, LLC and a registered transfer agent with the U.S. Securities and Exchange Commission.
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