New Retirement Savings Plan Is Win-Win for Workers, Businesses
Posted on 07/28/2014 by Elaine Ryan |AARP Blog Author
Last week, I sat down with Adrienne Mitchell of MarketWatch to talk about what 57 million American workers lack: a way to save for retirement at work — leaving them with little opportunity to secure their financial future. Just think about this for a minute: For workers who do have access to a retirement savings plan in the workplace, such as a 401(k), this increases their savings rate by 1300%. And, no, that’s not a typo.
So, how can we help the 57 million who don’t have an on-the-job opportunity to save for the future? That’s where AARP comes in — along with state leaders, businesses and members of the financial industry. Together, we’re stepping up to advance an innovative solution, dubbed Work and Save, to help these Americans retire with confidence.
Read the entire article here.