I have mixed feelings about this. The benefits are there for everyone to use, but most don’t know about it. Not enough commission for small accounts. However, blame the corporations for getting rid of defined benefits and push defined contributions because it reduced their liabilities.
Rich Americans use IRAs to make tax-free millions. Is that fair? — USA TODAYThousands of Americans have amassed $10 million or more in tax-favored retirement plans. A new bill in Congress would cap their contributions.apple.news