To Encourage Recovery, Encourage Investors New York Times (08/06/02) Vol. 30, No. 15 p.B9; Siebert, Muriel
With the Social Security system facing difficulty, baby boomers need to save more for retirement, but many will find that their portfolios are underfunded by the time they reach age 65, according to this opinion piece. The government is seeking ways to restore investor confidence due to the falling stock market, but seems to be overlooking a simple measure--doubling the amount investors can place into their 401(k) plans and individual retirement accounts for three to five years. This commentary asserts that investors would gain additional income tax deductions while replenishing their tax-deferred portfolios.