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Retirement Experts: Don't Let Clickbait Headlines Sink the 401(k)
Analysis February 21, 2024 at 05:20 PM
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What You Need To Know
- Bloomberg columnist and economist Allison Schrager proposed replacing 401(k)s with savings accounts without tax incentives.
- Recently, two other researchers suggested eliminating the 401(k) tax break and putting the extra tax revenue in the Social Security trust fund.
- To argue that the U.S. should simply do away with workplace retirement plans is absurd and irresponsible, experts say.
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