Tag: Joe Biden
I was recently forwarded an article “Senate Urged to Block Biden’s Pro-Privatization Nominee from Social Security Board.” One critic cited in the article characterized it as a “terrible nomination.” Who, you may ask, is this nominee? And what is the Social Security board? Let’s start with the board in question. The Social Security Advisory Board is a…
The financial services industry seems very exorcised by a relatively modest proposal in Joe Biden’s tax plan – namely, changing the tax incentive to save for retirement from a deduction to a flat, refundable tax credit. Let’s see if this proposed change would really “upend” our entire 401(k) system. Saving under current law…
