Tax Policy Center

401(k)s

Individual Taxes: TaxVox
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
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 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
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
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
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
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
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
Individual Taxes: TaxVox
Economists love longevity annuities. But what will it take to get real people to buy them? That’s one of the questions that two panels of retirement experts will tackle at a Brookings Institution event on Thursday. These retirement products work like this: At about age 65 you purchase an insurance
November 4, 2014Howard Gleckman
Individual Taxes: TaxVox
Nearly one-third of all federal tax expenditures--$384 billion in 2013 alone-- is aimed at various forms of asset building, such as retirement savings, higher education, and home ownership. Yet, according to research by several of my Tax Policy Center and Urban Institute colleagues, these tax
October 7, 2014Howard Gleckman