Archive Report
Archive Report
Pension Bension Benefits Threats
Recent Drop in Coverage by Private Plans
As the deadline for filing federal income tax returns approaches, financial columns are offering their yearly advice on how best to invest in an IRA. The individual retirement account has become a popular vehicle for deferring taxation on current income while squirreling away funds for retirement. IRAs are one of the more recent sources of retirement income that have been made available to Americans over the past half-century.1
The issue of retirement income focused in the early 1980s on Social Security and its predicted inability to provide minimum benefits to retirees by the end of the 1990s. However, the Social Security amendments Congress passed in 1983 shored up the system's retirement fund for beneficiaries well into ...