Tax benefits on 401(K)s should be axed in favor of higher Social Security payments, says a report co-written by a former aide to President Clinton.Alicia Munnell, who served as an assistant Treasury secretary from 1993 to 1995, claims retirement pots with tax breaks disproportionately benefit the wealthy.She made the claim in the report co-authored by right-leaning economist Andrew Biggs - where they say such benefits have done little to incentivize workers to save more anyway.
Load More
Load More