Tag: baby boomers
At tax time, many Americans think, often fleetingly, about spending less and socking away more for retirement. Until April 15, the IRS permits people who do not have a pension plan at work to deduct up to $6,000 for money placed in an IRA; taxpayers who do have an employer pension can also receive t…
The Proposition Sounds Plausible, But the Data Don’t Support It As life expectancy increases and the retirement income system contracts, households face an enormous challenge in ensuring a secure retirement. Working longer is the best way to increase retirement incomes. But some suggest that more work by older persons reduces the job opportunities for younger…
