On the recordJanuary 6, 2011
I applaud the President for those proposals. I wish there had been even more.
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congress.govI applaud the President for those proposals. I wish there had been even more.
Conrad praises the President's budget proposals while expressing a desire for more comprehensive measures.
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More from Kent Conrad
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.
Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.