No limits

Write about... “There's a #retirement savings crisis in the US. What would you do to address it?” There is a very simple answer to this problem. Tell the government to keep their hands off it. Any accountant knows you can't have an account grow when one person puts money in while another pulls it out. Another issue is to make sure all businesses place money into an account where they can not borrow from, take from, or after dissolving make the money vanish. In my life time I have heard about several big companies for which this has happened. The last thing which I think should be done is the idea of no limit. As in no limit on how much one can contribute without incurring a penalty. As in it can be written off a tax return with no restrictions in such a way a new line should be put on the main part of the tax form. Not on a schedule A or such. The full impact being that it can be used to zero out any tax owed before withholding is calculated. And if there is anything left it will be carried over to the next tax year. You want people to save for retirement then you need to give strong incentives to do this. One might think people with lots of money might be able to take advantage of this but they do anyways.