401(k) Plans No Longer Make Much Sense for Savers(bloomberg.com)
bloomberg.com
401(k) Plans No Longer Make Much Sense for Savers
https://www.bloomberg.com/opinion/articles/2020-07-21/401-k-plans-no-longer-make-much-sense-for-savers
2 comments
I think it isn't recognized what a policy failure 401k and IRA plans are. If people had defined benefit pensions they would be a great supplement, but as it is, only a handful of people will get retirement security for them, but we all lose when money that could have gone into small businesses helps Wal*Mart and other publically traded corportations put them out of business.
>The capital gains tax rate was 28% in 1980, 0% today
True if you make <$40000
True if you make <$40000