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Retirement savings: a looming crisis, or a work in progress?
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While far too many Americans are relying exclusively on Social Security benefits for retirement, Consumer Action's online retirement savings survey (albeit launched prior to the coronavirus outbreak) finds many consumers confident about their savings plans. Others says college costs, medical problems and financial support of family members have forced them to put off saving for retirement. Read the story. |
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SECURE Act takes aim at retirement insecurity
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The recently passed SECURE Act is an attempt by Congress to address the imminent retirement savings crisis for small business employees through a variety of measures, including automatic enrollment in employee retirement savings accounts and new options to help employers offer plans. Read the story. |
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All about automatic enrollment plans
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Nationally, fewer people are saving adequate funds for retirement. The looming crisis has prompted an increasing number of states to adopt regulations that allow employers to automatically enroll all their workers in retirement savings accounts. Read the story. |
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Highs and lows of employer-sponsored plans
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While a record number of employers are auto-enrolling employees in retirement plans, far fewer employers are contributing to employer-sponsored plans. There are a couple of major reasons for employers' hesitation to match employee funds. Read the story. |
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