401(k) Plans May Be a Better Deal for Low Wage Workers Than We Thought
Tax-deferred 401(k) plans may be a better deal for low-income workers than economists thought, according to new research by my Tax Policy Center colleague Eric Toder and Urban Institute senior research...
View ArticleThe Center for American Progress Rethinks Retirement Savings
Kudos to Rowland Davis and David Madland at the Center for American Progress for rethinking retirement savings. In a paper with the rather understated title “American Retirement Savings Could Be Much...
View ArticleHow Asset Building Tax Subsidies Miss Their Targets
Nearly one-third of all federal tax expenditures–$384 billion in 2013 alone– is aimed at various forms of asset building, such as retirement savings, higher education, and home ownership. Yet,...
View ArticleWill Consumers Come To Love Longevity Annuities?
Economists love longevity annuities. But what will it take to get real people to buy them? That’s one of the questions that two panels of retirement experts will tackle at a Brookings Institution event...
View ArticleA Small But Important Change in Retirement Savings Rules
Earlier this year, the Obama Administration proposed a small and almost unnoticed change in retirement savings rules that could be a big help to middle-income seniors who want to preserve assets to pay...
View ArticleMarco Rubio Wasn't the Only One Who Cashed Out an IRA Last Year
It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough...
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