Tag: contribution limit
But that doesn’t mean we should change the contribution limits. The technology associated with payroll-deduction IRAs is making it easier and cheaper for employers to enroll their employees in these accounts. That’s wonderful. At any given time, roughly half of private sector workers – primarily those at small companies and the relatively lower paid –…
The brief’s key findings are: To encourage Americans to save more for retirement, some suggest raising 401(k) contribution limits. To assess such an option, this analysis estimates the effects of a 2001 increase in 401(k) limits that also introduced a higher “catch-up” limit for those 50 and over. The increase in the limits did boost…