Tag: savings
Abstract To understand the potential impact of tax incentives on individual retirement saving, we must understand how individuals make decisions about saving. We examine individual taxpayers’ choices between front-loaded (e.g., traditional) and back-loaded (e.g., Roth) defined contribution retirement savings plans, as well as their saving levels and investment style choices within a plan. To do…
The brief’s key findings are: IRAs were intended to give those without an employer plan access to a tax-deferred savings vehicle. Today, IRAs hold nearly half of all private retirement assets, but most of these funds are rollovers from 401(k)s, rather than contributions. The 14 percent of households who do contribute to IRAs include: higher-incom…
