Every year millions of American moms return to the work force after their kids are in school. Yet while they were at home during their children's formative years, women were providing our nation with a far more valuable investment. Dunn-Weller believes it is important to provide these individuals with additional savings opportunities to cover the years in which mothers were unable to collect a paycheck and save for the future. In addition, Dunn Weller provides for a spousal 401K savings advantage. Couples who have access to only one employer sponsored retirement savings plan could put away up to twice the normal contribution allowed for individuals tax deferred.
Medical advances allow seniors to live longer.
It doesn't make sense that our productive seniors are penalized for working, saving and investing, but it's true. Our tax code actually forces many older workers into retirement and fixed income before they are ready. Seniors who continue to work and be productive must pay both income and payroll taxes. For this effort, seniors are unduly penalized by the earnings limit. Not only does it reduce their benefits, it increases their marginal tax rate.