The National Center for Policy Analysis creates a calculator that shows 401(k) participants the savings lost from taking a plan loan, revealing that a 35-year-old that borrows $30,000 over five years actually loses more than $190,000 in the process. (Could the new tool be a shout out?)
The Internal Revenue Service has issued a proposal that would give an exception to the comparability rules that allows, but does not require, employers to make larger HSA contributions to non-highly compensated workers than highly compensated workers. The full text of the proposal is here. Read it and let the IRS know what you think; the public comment period ends Oct. 13.
