Lawmakers should beware that the sticker price for tax deferral overstates its true costs.
The Republican-controlled Congress took aim this week at states that are creating retirement saving programs for workers who do not already have 401(k)s through their jobs.
Homeownership is projected to decline by six percentage points among older Americans over the next 50 years—from 80 percent to 74 percent.
While the president’s budget is best understood as an expression of one party’s agenda, the document does include a variety of new proposals.
The system of “cash” scoring that the Joint Committee on Taxation uses only accounts for funds spent and revenues collected over the next few years, but saving for retirement is a lifetime process.