In a promising display of bipartisanship, four senators introduced legislation today to help millions of Americans save for retirement.
BPC’s Commission on Retirement Security and Personal Savings spent two years reviewing the challenges facing Americans on the road to retirement and proposing solutions. Take a look at the six challenges to retirement security and what could be done about them.
The next few weeks could have a major impact on America’s fiscal future, with a vote on tax reform coming soon.
The public trustees for Social Security and Medicare have been essential to the oversight of program finances since the official positions were established in 1983.
The Retirement Enhancement and Savings Act would modify some of the existing retirement tax incentives in ways that would improve access to retirement savings.
Financial insecurity can cause many hard-working savers to prematurely withdraw funds from their retirement accounts for unexpected needs.
New bills would advance important goals, such as protecting retirement savings, simplifying account rules, and facilitating lifetime-income options.
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.