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How Auto IRAs Could Soon Improve Retirement for Millions of Americans
J. Mark Iwry and David C. John , for The Brookings InstitutionLink to more items from this source
Oct. 20, 2021

"The Automatic IRA would help roughly 55 million people build savings that would supplement their Social Security benefits. Employers with more than 5 employees that do not offer another retirement plan would act as a conduit enabling their employees to save a pre-set amount from each paycheck that would be invested in privately-managed, low-cost financial assets. Self-employed and gig workers could also save this way."

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