Nobel Laureate Richard Thaler backs lower 401(k) contribution limits
Richard H Thaler
Unpopular observation: reducing the limit on 401k contributions is massively progressive.  https://t.co/zw2EypB2cC â Richard H Thaler (@R_Thaler)  October 26  2017
When  Thaler  was asked on Twitter whether a $2 400 limit to pretax savings would indicate the government was endorsing that amount as adequate for retirement savings   he  said other options  such as a 10% deferral  could offset that.
"No reason to subsidize saving by the rich  " Thaler  said.
Maybe  but many other solutions. Just set the default at 10% for example. No reason to subsidize saving by the rich. â Richard H Thaler (@R_Thaler) October 26  2017
 Thaler  was not immediately available for comment.
Unpopular observation: reducing the limit on 401k contributions is massively progressive.  https://t.co/zw2EypB2cC â  [TGT]  (@R_Thaler)  October 26  2017
When  Thaler  was asked on Twitter whether a $2 400 limit to pretax savings would indicate the government was endorsing that amount as adequate for retirement savings   he  said other options  such as a 10% deferral  could offset that.
"No reason to subsidize saving by the rich  " Thaler  said.
Maybe  but many other solutions. Just set the default at 10% for example. No reason to subsidize saving by the rich. â  [TGT]  (@R_Thaler) October 26  2017
 Thaler  was not immediately available for comment.