Double the retirement savings limit for married couples
What the document says“the limit for married couples on 401(k) and similar workbased retirement savings accounts should be double the limit for individuals”
The chapter frames this as equalizing access to tax-free retirement saving for married couples regardless of how work is divided between them, so that a couple with one earner is not limited relative to a couple with two.
What the document actually says“the limit for married couples on 401(k) and similar workbased retirement savings accounts should be double the limit for individuals”
A married couple should be able to save twice what one person can.
Workers can save a set amount for retirement each year, tax free. If only one partner works, the couple saves less. The book says a couple should get double.
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