Tag: financial shock
The most effective way to save for retirement is through a workplace-based retirement plan, but many workers lack access to one. To help close this gap, a number of states have adopted programs that require employers without a plan to auto-enroll their workers in an Individual Retirement Account (IRA). These accounts use the Roth structure,…
State auto-IRA initiatives provide coverage to workers without an employer-sponsored retirement plan. These workers tend to have lower incomes and often have limited savings to cope with emergency expenses…