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dc.contributor.authorJeszeck, Charles A.
dc.contributor.authorMcTigue, James R. Jr.
dc.description.abstract[Excerpt] Federal law places few restrictions on the types of investments allowable in tax-favored retirement accounts, such as IRAs or employer-sponsored 401(k) plans. Recent federal and state investigations and litigation have raised questions as to whether investing in unconventional assets may jeopardize the accounts’ tax-favored status, placing account owners’ retirement security at risk. GAO was asked to examine issues related to the potential risks and responsibilities associated with investments in unconventional assets. GAO examined: (1) what is known about the prevalence of accounts that invest in unconventional assets; (2) how these accounts are managed; and (3) what challenges are associated with administering these retirement accounts. GAO reviewed relevant federal laws, regulations, and guidance; analyzed data collected from the retirement industry; analyzed available industry documents; and reviewed 334 related consumer complaints collected from three federal agencies and two independent entities.
dc.subjectretirement security
dc.subjectunconventional assets
dc.titleRetirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets
dc.description.legacydownloadsGAO_Retirement_Security.pdf: 38 downloads, before Oct. 1, 2020.
local.authorAffiliationJeszeck, Charles A.: Government Accountability Office
local.authorAffiliationMcTigue, James R. Jr.: Government Accountability Office

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