Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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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 Institution
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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