Senate Leader: ‘Worth Looking At’ Auto IRA For Workers Without Pensions

2014-09-19T21:04:09-07:00September 19th, 2014|Categories: Retirement|Tags: , , |

Senate Finance Committee Chairman Ron Wyden (D-Ore.) told the panel Tuesday an automatic government-sponsored IRA for workers not covered by an employer pension plan is worth considering. Yesterday, a task force in his home state of Oregon recommended such a plan, which he said has the potential for being a first step towards retirement security for many. While experts have frequently testified about a retirement crisis to Congress, Investment Company Institute Chief Economist Brian Reid said the retirement system [...]