Tag: saving incentive
![Concept of bright idea with paper and light bulbs](https://crr.bc.edu/wp-content/uploads/2020/09/Concept-of-bright-idea-with-paper-and-light-bulbs-1536x1024.jpeg)
Closing the coverage gap, however, is the real way to increase saving. The financial services industry seems very exorcised by a relatively modest proposal in Joe Biden’s tax plan – namely, changing the tax incentive to save for retirement from a deduction to a flat, refundable tax credit. Let’s see if this proposed chang…