Tag: retirement savings
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…
Much of the disagreement over whether the United States faces a retirement savings crisis hinges on different assumptions on how household consumption changes once the kids leave home. “Optimal savings” studies, which assume that household consumption declines and savings increase when the kids leave, suggest that most people are saving optimally. On the other hand,…
