Tag: savings

Tax documents

Just one in four of the low-income workers eligible for the federal tax credit for retirement saving are even aware that it exists. The IRS, as I said in a previous blog, practically “gives money away” through its Saver’s Tax Credit, which returns as much as half of the amount saved to the tax filer…

Senior man calculating finances

The brief’s key findings are: Do households in the National Retirement Risk Index identified as “at risk” recognize their situation? The analysis finds that almost 60 percent of households have a good sense of whether or not they are on track for retirement. But about 20 percent incorrectly think they are prepared, in large part…