Tag: IRA
Critique of Council of Economic Advisers report is off base. A recent report by the President’s Council of Economic Advisers (CEA) highlighted the costs of conflicted investment advice. It estimated that of the $7 trillion invested in IRAs, $1.7 trillion is invested in products that involve conflicts of interest between the investor and the advisor.&nbs…
Abstract This paper summarizes what is known about leakages from existing studies and relates these results to detailed data on leakages in 2013 provided by Vanguard’s How America Saves. It then uses two data sets – the Survey of Consumer Finances (SCF) and the Survey of Income and Program Participation (SIPP) – to estimate t…
