Tag: auto-IRAs

Miniature people_Elderly people sitting on different sized coins stacks

Social Security alone is simply not enough, new Vanguard study confirms. People often assume that the retirement needs of low-wage workers are covered by Social Security’s progressive benefit formula.  That assessment has never been correct. Social Security was never intended to be the sole source of income for any group of retirees.  Social Security replacement…

Inez Dickens, Bill de Blasio and Hazel Dukes attend construction kickoff for National Urban League Empowerment Center in Harlem

Last week in his State of the City address, Mayor de Blasio once again proposed an auto-IRA program for working New Yorkers whose employer does not offer a retirement plan.  Many of the plan specifics look very much like those in Oregon, California, Illinois, Connecticut, and Maryland.  The following details are from a brief summary…