Justin King: All Related Content

All related content for this individual is listed below.

Will GAO Examine Savings Bond Policy?

June 24, 2014
Publication Image We've long been in favor of expanding access to savings bonds. They're well-known, secure and historically have been available to everyone. Unfortunately, that's not really the case anymore. The Treasury Department eliminated retail sales of paper bonds a few years back and also ended a payroll purchase program. Treasury seems to have preferred to try to skip a generation by moving all sales online, through their TreasuryDirect portal. Unfortunately, this creates all manner of issues for Americans.

Children's Savings: How Far We've Come

June 18, 2014
Children's Savings Accounts have received a great deal of attention in 2014. The incoming Chairman of the Finance Committee, Senator Ron Wyden (D-OR), made a splash when he highlighted CSAs as one of his top priorities upon taking the gavel.

Children's Savings Accounts

  • By
  • Reid Cramer,
  • Rachel Black,
  • Justin King,
  • New America Foundation
June 18, 2014
The American Dream is built upon the enduring values of equal opportunity and personal responsibility. Ensuring that this dream remains attainable depends upon America being able to promote these values among rising generations. Research and experience in the field consistently supports the thesis that children's savings accounts (CSAs) can provide a vehicle to support these objectives.

Bringing College Savings Within Reach?

  • By
  • Justin King,
  • New America Foundation
June 16, 2014 |

Bringing College Savings Within Reach?

June 13, 2014
Publication Image Saving is hard. We know that all too well. It's one of the reasons that only about 3 percent of American families use tax-advantaged savings accounts (529s and Coverdells) to save for college. Saving is even harder when you're told you have to choose between putting food on the table and putting some money away for your child's college education.

401(k) the New Piggy Bank | Benefits Pro

June 6, 2014

“You have to pay taxes and pay penalties, so up front you’re getting back less than what you put in, and then the double-whammy is you are damaging your long-term savings prospects, money that’s invested and expected to grow,” said Justin King, policy director of the Asset Building Program at the New America Foundation. “A lot of folks would have been better off putting the money into a savings account at a bank.”

Click here to read the full article.

Solving the Retirement Puzzle

  • By
  • Reid Cramer,
  • Justin King,
  • Elliot Schreur,
  • Aleta Sprague,
  • New America Foundation
May 12, 2014
The growing recognition that millions of Americans are ill-prepared for retirement has prompted a number of state and federal policy proposals to promote retirement security. Yet even the most promising proposals fail to acknowledge a prerequisite to sustaining long-term savings: access to flexible resources that can be tapped in an emergency or can support productive investments that can pay off over the long haul.

New America on President Obama’s MyRA: Has Potential, But Can Do More

May 12, 2014
WASHINGTON, DC – The looming crisis in retirement savings has prompted both state and federal proposals to improve access to retirement savings vehicles, including the Obama Administration’s myRA retirement savings initiative. Today, experts with New America’s Asset Building Program released recommendations for the Administration and Congress to maximize the impact of myRA through supporting both emergency and retirement savings.

What Are People Saying About Tax Day?

April 15, 2014
Publication Image Happy Tax Day!

Another April 15th, come and gone, here's hoping you got a refund and saved a portion of it! There's been a surprising number of articles and opinion pieces swirling around Tax Day this year. We thought we'd highlight some that jumped out at us, here's a sampling:

Roth Accounts for Youth Savings

March 7, 2014
Publication Image While the notion of universal children’s savings continues to receive serious consideration at the highest levels of federal lawmaking, there is no formal plan on the table to promote CSAs and no guarantee that a plan will be adopted in the near future. Congress will need to consider a wide array of options before making a move on CSAs, a process that could take years. In the meantime, there continues to be a big gap in the financial-services marketplace for parents who want to save for their children.
  
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