Tag: contribution limit
![Businessman manager hands holding pen for reading, signing paperwork near payroll salary binder](https://crr.bc.edu/wp-content/uploads/2021/04/Businessman-manager-hands-holding-pen-for-reading-signing-paperwork-near-payroll-salary-binder-1536x1024.jpeg)
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 –…
![A glass jar full of coins and plant growing through it with some coins and plant leaves.](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_8-1536x1024.jpg)
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…