Former Bush Economist Floats Retirement Reform Plan
An economist to former President George H.W. Bush unveiled a proposal to reform the retirement savings system by replacing the deduction for contributions to retirement savings accounts with a flat-rate refundable credit deposited directly into a saver’s account.
Automatic Retirement Savings?
How can the nation attempt to increase pension savings to fund a record number of baby boomers that are expected to retire? One new tool may be the ability of employers and plan sponsors to automatically increase annual tax-deferred contributions to 401(k) plans, a practice recently blessed by the Internal...