QUESTION:

CBO Update on Utilization of Tax Incentives for Retirement Savings

Congressional Budget Office, CBO, report on Utilization of Tax Incentives for Retirement Savings. Bottom line-we are saving less in spite of improved tax incentives. Translation-it is getting harder to save.

URL --

http://www.cbo.gov/ftpdocs/79xx/doc7980/03-30-TaxIncentives.pdf

This CBO study is interesting for at least a couple of reasons:

[1] It lists the various retirement savings plans that benefit from tax incentives. And it describes how each of them works.

[2] It reports the utilization of each of these retirement savings plans over time - are more people using a specific retirement savings plan or less? - Is more, or less, money being set aside in each of these savings plans?

Since the government deals in huge amounts of data, the study, I think, is comprehensive and it gives you insight on how working folks are behaving regarding utilizing tax incentives for retirment savings.
asked by grandpa24551, 3/31/2007
Categories: Retirement Assets
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