The vast majority of U.S. households — regardless of demographic and financial characteristics — overwhelmingly support preserving the nation’s current tax incentives to encourage retirement savings. That’s one of the key findings of a new study released Tuesday by the Investment Company Institute.

The study found that 85% of U.S. households believe that retirement savings tax incentives should be maintained with 83% opposed to any reduction in the workers’ account contribution limits. “It is clear that the current tax incentives to encourage Americans to build a nest egg in retirement accounts are effective and command the overwhelming support of the American public,” ICI president and CEO Paul Schott Stevens said in a statement.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access