On the recordJanuary 7, 2009
there is going to have to be flexibility on how the funds are used.
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congress.govthere is going to have to be flexibility on how the funds are used.
Conrad emphasizes the need for flexibility in fund allocation to ensure passage.
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Overwhelmingly, they say this is their biggest concern--their retirement security, and, overwhelmingly, they want us to act.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.
People are smart, and if you just share with them the basic information, a lot of people will make a good decision.