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The Automatic IRA Act and Savers Credit
According to a PwC analysis, nearly one in four working-age Americans aren’t saving for retirement. Research has shown workers are more likely to build a retirement nest egg if they have access to a workplace-based savings plan. The federal lawmakers have introduced two separate legislative bills that would automatically enroll new employees in voluntary workplace plans and restructure a little-known tax credit into a government match on qualified retirement contributions. For more details on these two legislative solutions, click here…
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