GAO study: Low-income households would benefit from automatic IRAs

09/24/2013 | BenefitsPro.com

Workers with the lowest incomes would benefit if more plan sponsors offered them automatic IRAs, according to a study by the Government Accountability Office. President Barack Obama's fiscal year 2014 budget includes a proposal for establishing automatic IRAs, as well as several other initiatives aimed at increasing retirement savings in the U.S.

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