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**StitsVobsaith** · 04-07-2010, 07:11 AM

we should eliminate the ... tax preferences for 401(k)s and IRAs.

Why would you want to do that? Americans need to be saving more, not less. Inasmuch as possible, I think it would be a benefit to savings if savings and consumption were put on an equal footing. Likewise, I don't think one goal of savings such as retirement should be advantaged over another goal such as paying for your kids' education.

That said, I don't think we know what a good savings rate is. Certainly we don't know enough to target a savings rate.

04-07-2010, 07:11 AM	#5
StitsVobsaith Join Date Oct 2005 Posts 537 Senior Member	we should eliminate the ... tax preferences for 401(k)s and IRAs. Why would you want to do that? Americans need to be saving more, not less. Inasmuch as possible, I think it would be a benefit to savings if savings and consumption were put on an equal footing. Likewise, I don't think one goal of savings such as retirement should be advantaged over another goal such as paying for your kids' education. That said, I don't think we know what a good savings rate is. Certainly we don't know enough to target a savings rate.
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