TITLE

Automatic IRAs could help millions of Americans save for retirement

AUTHOR(S)
Silva, Chris
PUB. DATE
September 2007
SOURCE
Employee Benefit News;Sep2007, Vol. 21 Issue 12, p64
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that a number of retirement experts are calling for the adoption of a national automatic individual retirement account (IRA) model that would provide a payroll-based, tax-favored savings vehicle for the nearly 75 million working U.S. citizens without access to an employer-sponsored retirement plan, according to the American Association of Retired Persons (AARP). A report by AARP in July 2007 finds that 48 million workers, about two-thirds of those currently lacking access to a retirement plan, would benefit from an auto-IRA program.
ACCESSION #
26768149

 

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