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Cypen & Cypen
SPECIAL EDITION
for
February 5, 2019

Stephen H. Cypen, Esq., Editor

BACKGROUND DATA RELATING TO RETIREMENT INCOME 


Scheduled for a Public Hearing Before the
HOUSE COMMITTEE ON WAYS AND MEANS
on February 6, 2019

The Committee on Ways and Means has scheduled a hearing on February 6, 2019, regarding improving retirement security for America’s workers. This document, prepared by the staff of the Joint Committee on Taxation, provides background data relating to retirement income.

Generally, in retirement, individuals may derive the resources to support their living needs from one or more of three sources: income from pension benefits accumulated during their working years under employer pension plans or individual retirement arrangements; benefits received under Social Security, which also are based on an individual’s employment history; and other assets. The tables provide data related to the extent to which current retirees use these sources and data indicative of the extent to which the next generation of retirees may draw upon these same sources. 

This little gem was prepared by the staff of the Joint Committee on Taxation, Background Data Relating to Retirement Income, (JCX-4-19), February 4, 2019. This document on the Joint Committee on Taxation can be found here . 


Copyright, 1996-2019, all rights reserved.
 
Items in this Newsletter may be excerpts or summaries of original or secondary source material, and may have been reorganized for clarity and brevity. This Newsletter is general in nature and is not intended to provide specific legal or other advice.

 

Copyright, 1996-2019, all rights reserved.

Items in this Newsletter may be excerpts or summaries of original or secondary source material, and may have been reorganized for clarity and brevity. This Newsletter is general in nature and is not intended to provide specific legal or other advice.


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