TaxVox: Retirement

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The voices of Tax Policy Center's researchers and staff

The Budget Gimmick that Undermines Public and Private Finances

October 30, 2017 –
The GOP tax reform proposal may limit contributions to traditional 401k plans, while continuing to allow contributions to Roth accounts. It is borrowing in disguise--intended to skirt the borrowing limits in the congressional budget resolution--and may also undermine workers' retirement security.
Individual Taxes

A Tax Break on Repatriated Earnings Will Not Trickle Down to U.S. Workers

September 25, 2017 –
Top aides to President Donald Trump argue that tax relief for the accumulated foreign earnings of US-based multinational corporations would be a boon for US...
Individual Taxes

Keeping Your Eyes on the Tax-Advantaged Prize

September 6, 2017 –
Why would sensible people buy lottery tickets, where their chances of coming away with big bucks are vanishingly small, but be so reluctant to contribute to retirement savings?
State and Local Issues

The California Secure Choice Retirement Savings Program: Why pension reform turns inefficiently to the states

December 2, 2016 –
Starting as soon as it can be made operational, perhaps in 2018 , as many as 7 million private-sector California workers who currently have no...
Individual Taxes

How economists eliminate taxes on your retirement income

June 15, 2016 –
Let’s face it. Economists just see the world differently than everybody else. Take, for example, the question of whether Individual Retirement Accounts are tax-free or...
Individual Taxes

Two Important New Retirement Savings Initiatives from the Obama Administration

November 19, 2015 –
In recent weeks, the Obama Administration has taken the two most important steps in nearly a decade to increase access to retirement savings for more...
Individual Taxes

The Case of the Questionable Tax Incentive: Women and Retirement Savings

November 4, 2015 –
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...
Individual Taxes

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

May 26, 2015 –
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 $...
Individual Taxes

A Small But Important Change in Retirement Savings Rules

April 27, 2015 –
Earlier this year, the Obama Administration proposed a small and almost unnoticed change in retirement savings rules that could be a big help to...
Individual Taxes

Retirement Security a Priority in the 2015 State of the Union

January 21, 2015 –
In the 2015 State of the Union Address, President Obama made retirement security a priority for his Administration by promoting the Automatic IRA , a...