Tag: auto-enrollment
The brief’s key findings are: State auto-IRA programs for private sector workers are intended to pay for themselves. This goal is achievable in the long run, but auto-IRAs will incur losses initially. The keys to financial self-sufficiency are to: keep per-account costs low; set meaningful participant contribution rates; and charge higher fees initially or finance start-u…
The brief’s key findings are: States are introducing initiatives to provide retirement plan coverage to private sector workers who lack it. These initiatives could be supplemented by the Saver’s Credit, a federal tax incentive for low- and moderate-income savers. The existing Saver’s Credit is limited and not refundable, but proposed legislation would extend the Credit…
