Plan for upping savings rate By NIA-MALIKA HENDERSON | 09/05/09 3:23 PM, In his weekly address, President Obama said that "even before this recession hit, the savings rate was essentially ...
More...... zero," and proposed "several common-sense changes that will help families put away money for the future."
The changes: “make it easier for small businesses to… allow workers to automatically enroll in a 401(k) or an individual retirement account,” adding a new check box on tax forms “to receive your [tax] refund as a savings bond,” and “make it possible for employees to put payments for unused vacation and sick days into their retirement plan.”
Nia-Malika Henderson has the full story. Permalink
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