Tag: retirement income

Double exposure Us banknote with Financial paper and work station on working table

Deliberately imperiling federal finances should not be an excuse to cut programs for older Americans. It was unsurprising to many when the Treasury announced in mid-October that the federal budget deficit rose 17 percent in Fiscal Year 2018.  This increase reflected the tax cut and subsequent spending hikes enacted in the past year.  Contrary to…

auto-IRA, state auto-IRA program, first state auto-IRA program, OregonSaves, retirement wealth, retirement income

Early data show how employers and workers are responding to OregonSaves. About half of private sector workers are not covered by an employer-sponsored retirement savings plan at any given time, and few workers save without one.  In the absence of federal action to close this coverage gap, some states have passed legislation to implement “Auto-IRA”…