Updated Monday, November 24, 2014 as of 7:16 AM ET

Obama Starter Retirement Plan More Limited Than 401(k) Benefits

(Bloomberg) -- President Barack Obama’s proposal for encouraging low-income Americans to set money aside in accounts with tax advantages is a limited step that may help bolster retirement savings.

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Comments (1)
Employers don't have a fiduciary responsibility now when they offer 401(k) plans to their workers. Like mutual funds, they are excluded by ERISA.
Posted by David B | Wednesday, January 29 2014 at 11:12PM ET
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