The National Center for Policy Analysis reports that Retirement Savings Plans (RSAs) benefit Americans at all income levels, but they are especially beneficial for low- and moderate-income families. Because of the Social Security benefits tax, many low- to moderate-income families may actually pay higher taxes when they retire.
Tax-Favored Savings Accounts: Who Gains? Who Loses? by NCPA Senior Fellow Laurence Kotlikoff.
The National Center for Policy Analysis reports that Retirement Savings Plans (RSAs) benefit Americans at all income levels, but they are especially beneficial for low- and moderate-income families. Because of the Social Security benefits tax, many low- to moderate-income families may actually pay higher taxes when they retire.
Tax-Favored Savings Accounts: Who Gains? Who Loses? by NCPA Senior Fellow Laurence Kotlikoff.