Tag: retirement income
A reporter asked how big the new retirement law (Secure 2.0) was. Despite having the estimates from the Joint Committee on Taxation in front of me, I had to give a convoluted response. If we ignore the proposal to enable employers to establish emergency savings accounts, the answer is straightforward. The provisions cost about $51 billion. This…
Introduction Student debt has been rising dramatically over the past few decades, including among older adults. While the overall magnitude of student debt held by those ages 65 and over is not large, the debt burden in this group has been growing rapidly. At the same time, their default rates have also been rising. This…
