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Money Management

Would This Social Security Proposal Kill the IRA and 401(k)?

By February 9, 2024No Comments

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 A radical plan to fix the Social Security funding gap is generating controversy. Cookie Studio / Shutterstock.com

Everyone knows Social Security is in bad shape: Would you be willing to give up the tax benefits of your IRA and 401(k) plan to help fix it? That proposal comes courtesy of two retirement experts — Andrew G. Biggs, a senior fellow at the American Enterprise Institute, and Alicia H. Munnell, director of the Center for Retirement Research at Boston College. In a recently published brief…

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