Tag: 401k
The main reasons that 47 percent of households do not pay federal income taxes are provisions in the tax code that 1) provide basic exemptions for subsistence level income and 2) offer tax expenditures that wipe out the tax liabilities. These provisions mainly benefit senior citizens and low-income families with children, who account for t…
I have to participate on a panel that looks at the current state of the U.S. defined contribution system. This event forces me to reassess my views on 401(k) plans. I start with the premise that the move away from defined benefit plans to 401(k)s in the private sector is not reversible. Employers do not…
