Category: Saving for Retirement

Home Ownership versus Other Investments

Earlier this week, I released a report on which income groups benefit from mortgage-related tax deductions. It has generally been known that higher-income households reap greater tax advantages than lower-income households. Furthermore, studies have found that mortgage deductions do not necessarily increase home ownership. But they are politically popular and not going away anytime soon. […]

MyRA : The IRA Wannabe

Hey, kids…are you in your 20s or 30s?  Earning a decent income but looking to save a little in a tax advantaged retirement account?  Your employer does not private a 401(k) plan?  Forget the IRAs of yesteryear.  Try the new MyRA.  For only $25, you can open your own MyRA account and contribute as little […]

News on the Retirement Savings Front

The Employee Benefits Research Institute (EBRI) released a report in November on the state of individual retirement plans, based on data from the Federal Reserve’s Survey of Consumer Finances.  Most reports on retirement savings these days (or any type of savings for that matter) are doom and gloom, with three overarching themes:  1) People aren’t saving […]

A Rarely Mentioned Reason for the Wealth Gap

When Janet Yellen starts talking about income inequality, it is evident the topic is not going away anytime soon.  In addition to the differences in income earned by the top and bottom 20 percent, however, there are differences in overall wealth (assets).  Wealth disparities are not addressed as often as income disparities, since wealth goes beyond labor […]

Investment Panic Doesn’t Pay

I recall during the market and housing crash of fall 2008 that many savers were running from the stock market.  As panic ensued, the strategy of “buy high, sell low” became commonplace, and those who stayed the path of regularly saving and investing in equities were viewed as risky and idealistic.  This prompted me to […]

EPI States the Obvious in a New Report About Retirement Savings

A new report by the Economic Policy Institute rehashes what many already know about retirement savers.  This is no surprise coming from an organization that has opposed self-savings initiatives and has instead supported the entitlement status quo.  The EPI’s report shocks and awes with charts and graphs showing the savings disparities between rich and poor, black […]

Paying People to Buy; Punishing Them for Saving

Today the NCPA featured a report summary in its Daily Policy Digest on how taxing capital penalizes saving.   The report, by Alan Viard of the American Enterprise Institute, provides a clear example of how even if the tax rates on labor income and saving are the same, the saver still pays a greater effective tax rate […]

Gold is Falling! Next Subject…

buy antivirus software p>Two years ago during the gold-buying frenzy, I cialis pill analyzed the rate of return to gold.  Bottom line:  The price does not rise indefinitely, in many cases the rate of return to gold does not come close to stock market returns, and as we have seen today, the gold market is […]

Seniors Living on Borrowed Money

Special blog post by Lewis Warne, an NCPA research associate. More than half a century ago, the elderly were more likely to live in poverty than any other age group.  Thankfully, that has changed, and the poverty rate for people aged 65 and over was less than 10 percent in 2010. Sadly, however, more elderly are […]

Interest Rates…the Good, the Bad, and the Ineffective

win men If Dr. Phil were an economist, he might ask the question, “How are those interest rates working for ya?” It seems that low interest rates are quite the mixed bag these days. And several different takes on them just happened to appear in three news articles today. First, the good news – sort […]