No. of Recommendations: 2
Amazingly, a conservative proposal I agree with. {{ LOL }}
free link:
https://www.nytimes.com/2024/07/13/business/retire...{{ Dr. Munnell and the co-authors of her study, including [Andrew Biggs](
https://www.aei.org/profile/andrew-g-biggs/), a conservative economist and senior fellow at the American Enterprise Institute, conclude by offering this bold proposal:
End tax deferral on savings — or at least cap it. Then use that tax revenue to help fund Social Security. This shift could close a substantial portion of the shortfall that Social Security currently faces.“If we have scarce resources, I would like to see those dollars go to the people in the bottom half of the income distribution,” Dr. Munnell said. }}
And I'll note that the one big thing that no one is talking about is limiting fees & commissions and doing a better job at disclosing them. Give every American access to the Federal Gov't employees' Thrift Savings Plan (TSP) as an option to whatever slop their employer provides.
The quality of your life in retirement is inversely proportional to the amount you lost to fees & commissions over your investing lifetime.
intercst
