How might low- and middle-income households be encouraged to save? Q.How might low- and middle-income households be encouraged to save? A.Expanding access to savings vehicles and scaling back deductions to provide low- and middle-income households with better incentives could make a difference. Read more about How might low- and middle-income households be encouraged to save?
What are cash balance plans? Q.What are cash balance plans? A.A cash balance plan is an employer-funded retirement plan, which grows by the employer’s annual contributions plus interest. As with other retirement plans, the amounts in a cash balance plan grow tax deferred (that is, they are not taxed until distribution). Read more about What are cash balance plans?
What’s the difference between front-loaded and back-loaded retirement accounts? Q.What’s the difference between front-loaded and back-loaded retirement accounts? A.Your choice: pay the IRS now or pay them later. Read more about What’s the difference between front-loaded and back-loaded retirement accounts?