Tag: legislation
Getting spending on Social Security, Medicare, and Medicaid “under control” is at the top of all the budgeteers’ agenda. While the intention sounds reasonable, spending on these programs is not out of control. Social Security spending is slated to rise from roughly 5 percent of GDP to 6 percent of GDP between 2023 and…
The inclusion of the new Saver’s Credit in the Secure 2.0 Act provides some balance to a piece of legislation that previously had primarily provided extensive goodies to high earners in the form of delayed required minimum distributions, provisions for catch-up contributions, and more. Despite my enthusiasm for the new credit, I do have some questions about…
