Tag: IRA
They will ensure that uncovered workers have some savings and will teach us much. In a recent blog, my friend Andrew Biggs claims that “Auto-IRAs could hurt low-income workers.” My view is that – given the circumstances – state auto-IRA initiatives are a worthy experiment from which we can learn a lot. The motivation behind…
The brief’s key findings are: As part of tax reform, Congress considered changes to 401(k)s that would require most new contributions to go to a Roth, rather than a traditional, account. This budget gimmick would help pay for tax cuts because Roths are taxed up-front, rather than in retirement. Such a change, however, could also…
