We are pleased to share with you the latest edition of the KCS Fireside Chat series. This article is all about defined contribution plans (DC), with a particular emphasis on some troubling practices. In addition, we provide the reader with 2018 savings limits.
The tragic hurricane season may prove to be even more harmful in the future, as the government is allowing DC participants to use their precious “retirement” assets to address hurricane-related expenses. Once again, our government is encouraging bad behavior, while proving once more that DC plans, as they are currently structured, are nothing more than glorified savings accounts!
We need real retirement vehicles!