Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets
dc.contributor.author | Jeszeck, Charles A. | |
dc.contributor.author | McTigue, James R. Jr. | |
dc.date.accessioned | 2020-11-25T15:09:55Z | |
dc.date.available | 2020-11-25T15:09:55Z | |
dc.date.issued | 2016-12-01 | |
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.description.legacydownloads | GAO_Retirement_Security.pdf: 38 downloads, before Oct. 1, 2020. | |
dc.identifier.other | 10531485 | |
dc.identifier.uri | https://hdl.handle.net/1813/77534 | |
dc.language.iso | en_US | |
dc.subject | retirement security | |
dc.subject | investment | |
dc.subject | unconventional assets | |
dc.title | Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets | |
dc.type | unassigned | |
local.authorAffiliation | Jeszeck, Charles A.: Government Accountability Office | |
local.authorAffiliation | McTigue, James R. Jr.: Government Accountability Office |
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