401(k)s

The Good, The Bad, And The Ugly In The Retirement Savings Bill Congress May OK This Week

The spending bill congressional leaders agreed to early this morning creates significant new incentives for retirement savings and broadly eases rules for withdrawing funds. Like...

December 20, 2022Howard Gleckman

Individual Taxes: TaxVox

IRA and 401(k) Contribution Limits Are Increasing. That’s Great News If You Are Rich

In response to the recent burst of inflation, the IRS is raising contribution limits for the full range of retirement savings accounts. That’s great news...

November 4, 2022Howard Gleckman

Individual Taxes: TaxVox

How To Make Retirement Saving Easier For Millions Of Americans

Saving for retirement is hard for many adults with low-to-moderate incomes and harder still for many Black and Hispanic workers. What policies can make saving for retirement easier for everyone?

October 6, 2021Renu Zaretsky

Individual Taxes: TaxVox

How To Fix the Problem of Small Retirement Accounts

Not only do many American fail to save enough for retirement, but many workers are plagued by a different, but related problem: They have collected...

September 21, 2021William G. Gale

: TaxVox

Mega IRAs Reflect Mega Legislative Mistakes

Mega-IRAs are hot this summer, following a June 2021 report by the nonprofit news service ProPublica that revealed—based on leaked IRS files—that a handful of...

August 13, 2021Steven M. Rosenthal

Individual Taxes: TaxVox

Delaying Required IRA Distributions Again Would Largely Help Only The Wealthy

The House Ways & Means Committee is once again tinkering with the law that requires retirees to take minimum distributions from their individual retirement accounts...

May 5, 2021Howard Gleckman

Individual Taxes: TaxVox

Individual Retirement Accounts Should Be For…Retirement

The House and Senate unveiled similar bipartisan retirement savings bills this week. Among the differences: The House bill would let you use IRA funds for having a baby.

April 4, 2019Howard Gleckman

Individual Taxes: TaxVox

Treasury Should Review IRA Minimum Distribution Tables But Changes Would Help Few Seniors

President Trump last week asked the Treasury Department to review the rules surrounding Required Minimum Distributions (RMDs) for traditional Individual Retirement Accounts and 401(k) plans...

September 7, 2018Howard Gleckman

Individual Taxes: TaxVox

Marco Rubio Wasn't the Only One Who Cashed Out an IRA Last Year

It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough to prepare for his campaign, buy a new $3,000 refrigerator, and fix his busted a/c. As it happens

May 26, 2015Howard Gleckman

Individual Taxes: TaxVox

A Small But Important Change in Retirement Savings Rules

Earlier this year, the Obama Administration proposed a small and almost unnoticed change in retirement savings rules that could be a big help to middle-income seniors who want to preserve assets to pay for medical and long-term care costs in very old age. The proposal would exempt those who have $

April 27, 2015Howard Gleckman