The Republican-controlled Congress took aim this week at states that are creating retirement saving programs for workers who do not already have 401(k)s through their jobs.
Financial insecurity can cause many hard-working savers to prematurely withdraw funds from their retirement accounts for unexpected needs.
The vast majority of 401(k) plan participants and their beneficiaries are on their own to make savings last throughout the remainder of their lives.
More than 40 million Americans are not covered by a workplace retirement savings plan. Employees of smaller businesses are especially likely to lack access.
Experiencing a disability is a life-changing event, but too little attention has been given to the impact of disability on retirement security.
The aging of baby boomers and the looming funding crisis for Social Security have spurred candidates, lawmakers, and experts to propose ways to boost retirement savings.
Two new proposals, plus a groundswell of support for the idea both on and off Wall Street, suggest that we may see real movement toward expanded workplace retirement plans.
Failure to secure the finances of Social Security would place the greatest burden on individuals who can least afford it.