Tag: 401k
Participants, Who Rarely Mess with Their 401(k)s, Are Putting Their Money in Harm’s Way Usually people writing blogs know the answer to questions they pose in titles, but I am actually baffled by the fact that Individual Retirement Accounts (IRAs) now hold more assets than 401(k) plans (see Figure). The great bulk of IRA balances…
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…
