Congress wants to change how you save for retirement. Money Not Math 124
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Congress wants to change how you save for retirement. Money Not Math 124
“The changes come as almost half of older workers have no retirement savings, and many who are socking away money for their golden years are far from their goals. While Americans believe they need savings of $1.25 million to live comfortably in retirement, the typical retirement account holds less than $87,000.” - https://www.cbsnews.com/news/retirement-secure-2-0-spending-bill/
Employers may match student loan repayments.
A 50% retirement match for $2,000 in savings.
Delay mandatory withdrawals until age 75.
“Pre-retirees” can sock away more money.
Automatic 401(k) enrollment.
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United States
