Tag: President Trump
That said, the taxation of Social Security benefits could be better designed. Social Security, the backbone of our retirement system, is facing a financing problem. Costs have been rising and the tax rate has been fixed, creating a gap between money coming in and benefits going out (see Figure 1). In the short term, t…
Three changes to RMDs I’d like to see. On August 31, President Trump signed an executive order to make it easier for small employers to offer 401(k)s through multiple-employer plans and to review the rules on required minimum distributions (RMDs). Expanding access to multiple employer plans is a good idea and a central component of…