Retirement experts clash over tax breaks for 401(k) plans
Some want to boost the deferral limit – others want to do away with it
401(k) savings proposal gets cold shoulder from panel
A proposal to replace the current tax deductions for 401(k) plans and IRAs with a flat tax credit got a chilly reception before the Senate Finance Committee on Thursday as panel members and pension experts defended the plans and the incentives for employers to provide them.
Senate Panel Hears Sharp Disagreement on Improving Retirement Savings
Proposals ranged from substantial changes in the current system to adjustments that would not alter it drastically
Baucus Urges Minimizing Costs in Retirement Savings Proposals
Proposals seeking to increase workers’ retirement savings by making adjustments to the U.S. tax code should weigh the costs of such shifts, Senate Finance Committee Chairman Max Baucus said in a hearing held by the panel in Washington.
401(k) Plan Revamp Eyed By Senate Finance Committee
With less than one-half of workers having access to a retirement plan and even fewer saving enough for their old age, Congress is looking at ways to help get more Americans on track to a secure retirement.
Take it public: group offers novel retirement route
A flood of U.S. retirement is threatening to burst its dam and drown aging Americans with rising living costs, but one group is proposing a novel way to protect private-sector workers: invest in public pension plans.
Pension Rights Center to Lawmakers: “Changes to Retirement Plan Tax Breaks Should Address the Retirement Income Deficit, not the Budget Deficit”
WASHINGTON – At a hearing held by the Senate Committee on Finance today, the Pension Rights Center called on lawmakers to re-examine the tax incentives associated with 401(k) plans and other retirement savings plans, so that those tax breaks work more efficiently and equitably. The Center also asked the panel to consider broader measures that […]
Pension Rights Center testifies on tax expenditures in retirement plans (September 15, 2011)
At a hearing before the U.S. Senate Committee on Finance, Pension Rights Center Executive Vice President and Policy Director Karen Friedman called on lawmakers to re-examine the tax incentives associated with 401(k) plans and other retirement savings plans — not as a way to reduce the federal budget deficit — but as a way to […]
A race to the bottom?
New Census Bureau data released earlier this week shows that more Americans are living in poverty now than at any time since 1993. While an increase might be understandable, given the uncertain economy, the numbers are still staggering. An estimated one in six Americans, or 15.1 percent of the population, is living in poverty. That […]
“Retirement Heist” book asks: Who stole America’s pensions?
Can we afford retirement in this country? Not if you believe politicians who claim entitlement spending is out of control and that the economy is being dragged down by our aging population. I don’t buy it.
10 Things Pension Plans Won’t Tell You
Yes, they still exist. And some of them toy with taxpayer money.
401(k) break at risk as policymakers mull retirement shift
U.S. retirement programs could look different if a grand deficit-cutting bargain is struck in upcoming negotiations.
