The New York Times reported Friday that House Republicans were considering limiting pretax 401(k) contributions to as little as $2,400 annually, a move Marra said would really set things back. The World Economic Forum has estimated that there could be about a $400 trillion retirement savings shortfall by 2050.
“I think it’s ill-conceived to touch 401(k)s,” Marra said.
This article was provided by Bloomberg News.