Regional Vice President of Sales The Retirement Plan Company
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Compass
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401(k)s Are Not a Tax Dodge for the Rich
Jim Phillips on MarketWatch.com [Opinion] June 9, 2013 "The major beneficiaries of 401(k) are middle-class workers, business owners must continue to be incented to offer these plans in the workplace, and Uncle Sam is a major beneficiary of the tax-deferred treatment of 401(k) deposits.... [M]iddle-class workers can be marginal retirement savers. They need the structure (payroll deduction savings) and tax incentive (pretax deposits to lessen the take-home pay impact) to tip them over the edge into joining their employer's 401(k) plan. Without the structure and incentive, far fewer workers would engage in retirement saving." |
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