Tag: retirement savings
Some think in terms of household income of $400,000; the answer is $70,000 When the time comes to fix Social Security, one prominent proposal would raise the payroll tax and apply the tax on earnings above $400,000. Hanging around financial types and academics who worry about pensions and retirement income, it is easy to get…
The U.S. retirement savings system has always been a little leaky. But the leaks seem to be getting bigger. Some Americans are eyeing withdrawals from their 401(k) plans as the best of a few bad options for paying their rent or solving other cash-flow problems. As of May 8, 1.5 percent of retirement plan participants…
