AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Retirement Plan Policy: The Tax Deferral vs. Benefit Debate Continues
planadviser Aug. 17, 2014
"It's not that the joint tax committee is unaware of the fact that taxes will eventually be paid on qualified retirement plan assets (at least when it comes to DC accounts), says Rep. Reid Ribble (R-Wisconsin). The problem is rather how the [CBO] and other key players in the tax assessment, collection and expenditure process are forced to account for tax-deferred savings under current law. Put simply, the CBO and others are 'not allowed to score anything dynamically,' Ribble explains, 'so the shortfall of income from taxes on plan contributions necessarily becomes part of debt now.'"
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