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Shifting IRAs to Automatic -- A Plan for Workers with No Other Retirement-Savings Vehicle
MarketWatch Link to more items from this source
Feb. 17, 2006
Excerpt: Under [the] automatic IRA plan, small employers that have more than 10 employees and that have been in business for more than two years would offer employees the ability to direct payroll deposits into a low-cost IRA. Employees could, for instance, when completing their W-4 forms that dictate federal withholding taxes could also elect to opt in or out of the automatic IRA.

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