Tag: IRA
The brief’s key findings are: IRAs were intended to give those without an employer plan access to a tax-deferred savings vehicle. Today, IRAs hold nearly half of all private retirement assets, but most of these funds are rollovers from 401(k)s, rather than contributions. The 14 percent of households who do contribute to IRAs include: higher-incom…
Shift to Roth accounts could pay for tax cuts – at least in the short run. “Word has it” that the Congress will be looking for revenues to finance tax cuts and that one possibility would be to shift IRAs and 401(k) plans from the traditional form to a Roth. Contributions to a traditional 401(k)…
