Compensation Strategies Group, Ltd.
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|Reforming Roth Provisions May Be Key to Improving Retirement Saving Rates for Millennials|
Nov. 20, 2014
"[The author proposes] the following two changes to the Roth provision, effective for all 401k plans:  Roth accounts should be required for all sponsors offering a 401k plan....  Roth contributions should be tax deductible up to a $10,000 per year limit, and a lifetime limit of $100,000.... Younger workers would benefit the most, as they would have the longest investment horizon. With these changes, the new objective in retirement saving would be maxing out the $100K as soon as possible in an employee's working life."
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