Tag: auto-IRA
Low-income retired couples with less than $3,000 in assets can get Medicaid to supplement their Medicare insurance or pay for a nursing home. This asset cap, set by state governments, mainly applies to financial accounts and excludes the value of a home and vehicle. But Medicaid coverage in old age could conflict with auto-IRA initiatives…
Forty percent of U.S. private-sector workers in a 401(k) retirement plan are in plans with automatic enrollment, and the widely agreed-upon story is that these plans work well. Now comes a more nuanced assessment, which finds they aren’t working quite as well as everyone had hoped. The study, conducted by some of the pioneers in…
