Boston Business Journal Retirement Savings Op-Ed

Each year, millions of Americans carefully save their hard-earned dollars in retirement savings accounts such as 401(k)s or IRAs with dreams of a secure retirement. The federal tax code provides them with important incentives to do so. Under existing tax rules, individuals are allowed to contribute to these accounts on a pre-tax basis – up to certain limits – and can defer tax on the earnings while they accumulate. Not only do these tax incentives help assure a secure retirement, but the increased savings also provide the capital necessary to stimulate economic growth and job creation.
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See also

  • BFSLC Press Release on Retirement Savings

    The Boston Financial Services Leadership Council, together with The New England Council and Associated Industries of Massachusetts, today urged Congress to sustain and extend tax policies that enable workers to save for retirement and encourage companies to offer on-the-job retirement savings plans. The joint statement stressed the vital role that retirement savings tax deferrals play – helping tens of millions of working Americans to prepare for successful retirements.