President Barack Obama announces new steps to make it easier for American families
to save for retirement.
New initiatives will complement the president’s major legislative proposals
to boost participation in IRAs and match retirement savings.
The
new initiatives will:
·
Expand opportunities for automatic enrollment in 401(k) and other retirement savings plans,
·
Make
it easier for more than 100 million families to save a portion or all of their tax refunds,
· Enable workers to convert their unused vacation or other similar leave into additional retirement
savings, and
· Help workers and their employers better understand the available options for tax-favored retirement
saving through clear, easy-to-understand language.
Together,
these steps will expand the range of choices for workers who want to save and will make saving easier for millions of Americans,
offered the president.
Hear
the full audio of the address here. The video can be viewed online at www.whitehouse.gov.
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