Social Security Card: Senior woman holding card in hand on white background

How the Income Tax Treatment of Saving and Social Security Benefits May Affect Boomers’ Retirement Incomes

Working Paper by Barbara A. Butrica, Karen E. Smith, and Eric Toder

February 11, 2008

Abstract Income tax provisions affect the buildup of retirement assets during workers’ careers and after-tax income following retirement. This paper uses the Urban Institute’s DYNASIM model to simulate how potential changes in the tax treatment of retirement saving, Social Security benefits, and income from assets outside of retirement accounts may affect boomers’ retirement incomes. Results…

Mature man is hired to handle outreach to senior adults

Saving and Wealth Accumulation in the PSID, 1984-2005

Working Paper by Barry P. Bosworth and Sarah Anders

February 8, 2008

Abstract This paper reports on a project to construct and evaluate a wealth and saving dataset for those households who responded to the supplementary wealth and active saving modules of the Panel Study of Income Dynamics (PSID) over the period of 1984 to 2005. The PSID is unique in providing household-level estimates of active saving…