Tax Policy Center

401(k)

Individual Taxes: TaxVox
Twenty years ago, I turned 25 and earned my first raise. My older sister gave me some great advice: “When you get a raise always put some extra money into savings. Make it a habit. You’ll never miss it.” I turned into a saver, thanks to my sister. Yet, the average 45-year-old woman is not saving
November 4, 2015Renu Zaretsky
: TaxVox
Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, September 8. Until then: We’ll see you every Monday morning. Abroad and online: One country brings a knife to a gunfight. Spain has passed a new law : Websites that link to Spanish newspaper association
August 4, 2014Renu Zaretsky
Individual Taxes: TaxVox
A few weeks ago, with absolutely no fanfare, the Treasury Department announced what could be a major change in the way we save for retirement. It will now permit people to shift a portion of their 401(k)s or IRAs into a deferred annuity that provides a guaranteed stream of income once you reach old
August 1, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
The president’s FY 2014 Budget would limit tax benefits for workers with high-balance retirement saving accounts. Although critics call the plan a blow to workers’...
April 12, 2013Benjamin H. Harris
Individual Taxes: TaxVox
Automatic enrollment is slowly gaining steam as the choice strategy to encourage retirement saving. A bold plan in California would eventually make the practice widespread...
March 22, 2013Benjamin H. Harris