Ways and Means Committee adds a federal Auto-IRA program to $3.5 trillion package
A nationwide retirement program combined with an enhanced Savers Credit would really help lower-paid workers save for retirement.
First, a substantial share of households — roughly one-third — end up with no coverage at all during their work lives and must rely exclusively on Social Security in retirement. Since most of those without coverage work for small employers, policy makers for decades have tried to solve the problem by introducing simplified retirement plans. But these initiatives have not moved the needle. And while the Obama administration first proposed automatic IRAs in 2009 to cover the uncovered, Congress to date has not passed any federal legislation.
.wsj-interactive.generic-iframe-embed[name="myiframe"] { height: 445px; margin-bottom: 5px; } .at16units .bleed .wsj-interactive.generic-iframe-embed[name="myiframe"] { height: 445px; } body.at12units .bleed .wsj-interactive.generic-iframe-embed[name="myiframe"] { height: 445px; } body .inline .wsj-interactive.generic-iframe-embed[name="myiframe"], body .offset .wsj-interactive.generic-iframe-embed[name="myiframe"], body .header .wsj-interactive.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What the Boom in FAST Channels and Services MeansNew VIP+ Analysis: While the number of such offerings is booming, expect the current gold-rush phenomenon to end in the next year or two.
Read more »
50 ways food has changed in the last 50 yearsWith combined sales of $5.75 trillion, it's hard to imagine any industry bigger than the food retail and services sector.
Read more »
All the Ways That “1 in 5,000 per Day” Breakthrough Infection Stat Is NonsenseThe stat made its way from the New York Times to a presidential speech, but it reflects broad estimations and bad priorities.
Read more »
Freelancers, More Ways To Achieve Your Goals: Making Money As A Newsletter WriterHere's how to make additional income as a newsletter writer.
Read more »
5 Ways To Regain Your Focus On WorkIt can be hard to concentrate when co-workers are on vacation while you are left minding the fort. If you are struggling to focus on work, these techniques will get you back on track.
Read more »
7 Ways to Cope When Life Gets ToughHow to easily bounce back from the frustrations, mistakes, and challenges of daily life
Read more »