"The Potential effects of Retirement Proposals on Private and National Saving: Exploratory Calculations," a paper released by The Retirement Security Project estimates that savings incentives for middle- and low-income workers, such as automatic enrollment in 401(k) plans, automatic IRAs, expanding and improving the Saver's Credit, and allowing taxpayers to split direct deposit of tax refunds into several accounts, could increase net national savings by $78 billion per year--which would be 6% of GDP. According to the paper, the national savings rate currently stands at about 2.5% of GDP. Statistics show also that 75% of workers prefer to have someone else manage their money, which means they're in favor of these auto enrollments.
We answer six advanced questions from financial advisors about the professional social networking site.
Policy reviews only work if you actively approach your clients. Find out how to initiate the conversation today.
These articles from the Investments & Wealth Monitor focus on what's ahead for the new normal, investment management in the new normal, and a forward-looking...
Sep 17, 2015
Join this exclusive webcast with Matthews Asia Chief Investment Officer, Robert Horrocks, PhD, who will share his insights.
Aug 27, 2015
Hear from industry experts regarding the best ways to incorporate Social Security benefits into overall retirement planning. Learn about early withdrawal penalties and what is...
Jul 09, 2015
In this session we’ll discuss whether or not factor investing is truly active management, and how to define and test whether a factor exists.