Showing posts with label 401k. Show all posts
Showing posts with label 401k. Show all posts

Thursday, October 23, 2008

Elimination of 401k Tax Breaks?

Under Ghilarducci's plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.

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