Is President Barack Obama’s new retirement plan an effective savings tool?

By | February 12th, 2014 10:02 AM EST | posted in Press Releases

Jerome Deutsch, Managing Director, U.S. Institutional Markets for Index Strategy Advisors shared with Institutional Investor Magazine: “Portability is a concern”, he continued “After accumulating the $15,000 balance required to roll the account into an IRA, participants may find their options limited because most fund firms have investment minimums that are much higher than $15,000”.  Deutsch added “the short time frame for the program’s implementation and the efforts that will be made to drive both employer adoption of the plan and the participants enrollment in the plan, are also cause for concern.”.  Deutsch also is keeping his eyes on the impact that the purchase of government bonds for the program will have on interest rates, market liquidity, and investment returns.


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