Faculty Publications

Title

3 Public Policy Changes That Could Ruin Your Retirement Plan

Document Type

Article

Publication Date

6-4-2014

Abstract

Have you ever been playing a game with friends when all of a sudden someone changes the rules in the middle of the game? This feels incredibly unfair, but you might have little or no control over its occurrence. Some proposed public policy changes might present a similar unexpected jolt to an established retirement income plan. For years your plan has been designed around the existing legal structure but all of a sudden, the government can and will change the rules. This can completely disrupt a plan, leaving people who felt financially prepared for retirement under the old rules, scurrying around trying to adapt to the new rules.