Tag: Roth IRAs
Looks like fintech is working its magic. Based on an inquiry from a reporter, my colleagues JP Aubry, Yimeng Yin, and Angie Chen have been fooling around with data on holdings of Roth IRAs from the Federal Reserve’s 2022 Survey of Consumer Finances. Since assets in IRAs account for more than half of all assets…
IRAs are supposed to provide retirement security for the middle class, not tax avoidance for the wealthy. One would think that a proposal to limit accumulations in Individual Retirement Accounts (IRAs) would not be very controversial. The favorable tax provisions accorded retirement saving are designed to encourage rank and file workers to save – not…