Sunday, March 25, 2018

Many states looking to help workers save for retirement | Money & Markets | omaha.com

Many states looking to help workers save for retirement | Money & Markets | omaha.com: New York is among a growing number of states considering legislation to create government-sponsored payroll-deduction retirement programs for small businesses, which financial planners say could be a relatively painless way to help Americans reverse a dismal record of saving for their golden years.

Personal finance expert Jean Chatzky notes 52 percent of American households age 55 or over have no retirement savings, leaving them with only Social Security. She's working with AARP in New York and other states to lobby for an individual retirement account plan with state oversight for small businesses that allows workers to have a portion of their paychecks set aside automatically.

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