Tag: savings
Just one in four of the low-income workers eligible for the federal tax credit for retirement saving are even aware that it exists. The IRS, as I said in a previous blog, practically “gives money away” through its Saver’s Tax Credit, which returns as much as half of the amount saved to the tax filer…
The brief’s key findings are: Do households in the National Retirement Risk Index identified as “at risk” recognize their situation? The analysis finds that almost 60 percent of households have a good sense of whether or not they are on track for retirement. But about 20 percent incorrectly think they are prepared, in large part…
