Some opponents to reducing the tax deduction on 401(k) savings as part of a broad tax overhaul say this move could lead workers to save less when some researchers say Americans need to be saving more for retirement. Not everyone agrees. A number of recent studies that have looked at the effect on savings rates and amounts have come to contradictory conclusions. Republican lawmakers working on the tax overhaul also say they can encourage savings with other incentives.

Source: Wall Street Journal October 29, 2017 21:39 UTC