Archive: Alicia H. Munnell
Let’s see if fintech and state auto-IRAs are making a difference. Individual Retirement Accounts (IRAs), which hold over half of total private retirement assets, were introduced as a way for workers without an employer-sponsored plan to save for retirement. Instead, they have been primarily used as a vehicle for rollovers from employer-sponsored plans, with direct…
A proposed pilot project could relieve the tax burden on older people. Some exciting news. Adam Scanlon, a representative in the Massachusetts House, has submitted a bill to establish “ a senior property tax deferral pilot program.” I have always been a great fan of thinking about the house as a retirement asset and about…
