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Are Automatic IRAs an Answer to America’s Retirement Crisis?

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Amanda wants to live in a world where retirement security is no longer a dream. When she’s not nerding out on social media, you can find her exploring life through her motto, “live life like a curious child with a meticulous attention to details.” Her retirement goals are to travel and own a French vineyard. Happy saving #SaverNation

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August 23, 2015 at 2:56 pm
Press

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Kate Crowther, government relations strategist at Ubiquity Retirement + Savings, spoke with DepositAccounts.com about auto-IRA laws in an attempt to increase retirement savings.

As of right now, no state has issued a legal and market analysis report to determine whether or not any of these programs may go forward, says Kate Crowther, government relations strategist at Ubiquity Retirement + Savings. “California and Connecticut are in the midst of their studies with report due by the end of the year and early 2016 respectively. The states that have the most potential for success are states such as Illinois, which have created a private-public partnership, along with mandating access to workplace savings.

 

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