Tag: employer plans
Employer-sponsored retirement plans – such as 401(k)s – offer a convenient way for workers to save through contributions deducted from their paycheck. Yet, many private sector workers lack access to an employer plan. In recent years, a number of states have aimed to give such workers a payroll-based savings option by requiring employers to either…
The President has done what he can, now Congress needs to auto-enroll everyone. The MyRA (My Retirement Account), which the President proposed in the State of the Union, addresses the most serious problem in our retirement system – at any moment in time only 42 percent of private sector workers (age 25-64) participate in any…