This report by Benjamin H. Harris and Ilana Fischer of the Brookings Institution shows the Auto IRA would extend a workplace retirement savings plan to roughly one-quarter of the U.S. workforce. Most of the workers covered under the Auto IRA would be full-time employees and more than 80 percent have earnings less than $50,000.
This report by Benjamin H. Harris of the Brookings Institution and Rachel M. Johnson of the Urban Institute illustrates the enormous impact the Auto IRA proposal could have on retirement savings and security. Average contributions to IRAs for those benefiting under the proposal would increase and an estimated 5 percent to 15 percent of taxpayers would receive a tax cut, with those in the middle-income groups benefiting most.
This AARP survey explored the opinions of Arizona registered voters on retirement saving issues. Results revealed that two in three Arizona registered voters feel anxious about having enough money to live comfortably in retirement.
Four in five Hawai`i small business owners support a privately managed, plug-and-play retirement savings option that would help small businesses offer employees a way to save for retirement, according to a recent AARP survey.