‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy – Politico

“Greased by lobbying and campaign cash, tax breaks for retirement savings are one thing Congress agrees on. But they also blow out the deficit and add to income inequality.”

Important retrospective by Politico. Here’s what CCSE wrote before the horses left the barn and Congress passed the Secure Act 2.0:

A 25-year fleecing? Bipartisanship can be golden but grossly unfair. Congress should the slam brakes on 401(k)/IRA legislation, rethink retirement financing policy

Here’s how to include all US workers in the retirement savings system – 2 essential ingredients needed:

Half of Americans have no retirement savings — here’s how Congress can look out for them

And how the current system is adding to economic inequality:

How the American Retirement Savings System Magnifies Wealth Inequality – Society of Actuaries

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