Tag: Congressional Budget Office
A reporter called recently with a question about the impact of the Social Security 2100 Act, proposed by Representative John Larson (D-CT and Chairman of the House Ways and Means Social Security Subcommittee) and others. Apparently, the Congressional Budget Office (CBO) and the Social Security Administration’s Office of the Chief Actuary (OCACT) show this legislation…
Future retirees will pay with lower Social Security and Medicare benefits. Until recently, I have been totally focused on how Congressional tax proposals might affect retirement saving. I have been particularly concerned that forcing everyone to save through a Roth rather than a traditional 401(k) plan would seriously disrupt savings patterns and cause many workers…
