I usually like Clark Howard, but I disagree with him on this.
As a matter of public policy, lawmakers know that Social Security alone will not be enough income in retirement for most people. Without tax deferred retirement plans, many many more people will not invest in their own futures.
They will reduce the age for RMD’s or tighten up income limits for full deductibility before they do this.
Some folks also use HSA’s as retirement vehicles.
We need more savings for retirement, not less.
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