"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 have ours firmly in place, and we stand ready to assist you with your independent journey and succession plan.
Learn how access to financing affects advisors' plans for business succession. Download the white paper now!
Stop Looking Back: A Forward-Looking Approach to International Equity Risk Allocation
Apr 16, 2015
ThinkAdvisor and The Investment Center, Inc. speak about where advisors currently go wrong, how they can improve, and uncover real examples and suggestions others have...
Apr 02, 2015
Learn more about Cambridge's insight on how independent business owners can create long-term plans for the future.
Mar 25, 2015
Join Think Advisor for this live, interactive webcast and hear from industry experts as they discuss how advisors can protect their client during volatile times....