REUTERS/Steve Nesius - Andrea Davis and Dewey Schilling stand outside their home at Limetree Park where they live year-round in Bonita Springs, Florida, March 23, 2012. Davis, 63, a former secretary, said she hadn't worked long enough at one place to build up a 401K. "If it weren't for Social Security, I would probably be on the street," she added.
Flattening Tax Incentives for Retirement Saving
July 1, 2014,
The United States’ pension system has failed millions of workers who enter into retirement with very limited assets relative to what they need to live securely the rest of their lives. In a report for the Tax Policy Center, Barbara A. Butricia, Benjamin H. Harris, Pamela Perun, and C. Eugene Steuerle focus on the effects of the tax preferences for employer-sponsored defined contribution plans.