The Case for the Auto IRA
The Case for the Auto IRA
This In Brief by PPI’s Gary Koenig summarizes key findings on the economic impact of the Auto IRA and its potential to bolster retirement security.
This report by Benjamin H. Harris and Ilana Fischer of the Brookings Institution shows the Auto IRA would extend a workplace retirement savings plan to roughly one-quarter of the U.S. workforce. Most of the workers covered under the Auto IRA would be full-time employees and more than 80 percent have earnings less than $50,000.
This report by Benjamin H. Harris of the Brookings Institution and Rachel M. Johnson of the Urban Institute illustrates the enormous impact the Auto IRA proposal could have on retirement savings and security. Average contributions to IRAs for those benefiting under the proposal would increase and an estimated 5 percent to 15 percent of taxpayers would receive a tax cut, with those in the middle-income groups benefiting most. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
The Case for the Auto IRA
The Auto IRA could improve retirement security for millions of workers
The Auto IRA could improve retirement security for millions of workers while boosting America’s saving rate, leading to improved living standards for future generations.This In Brief by PPI’s Gary Koenig summarizes key findings on the economic impact of the Auto IRA and its potential to bolster retirement security.
This report by Benjamin H. Harris and Ilana Fischer of the Brookings Institution shows the Auto IRA would extend a workplace retirement savings plan to roughly one-quarter of the U.S. workforce. Most of the workers covered under the Auto IRA would be full-time employees and more than 80 percent have earnings less than $50,000.
This report by Benjamin H. Harris of the Brookings Institution and Rachel M. Johnson of the Urban Institute illustrates the enormous impact the Auto IRA proposal could have on retirement savings and security. Average contributions to IRAs for those benefiting under the proposal would increase and an estimated 5 percent to 15 percent of taxpayers would receive a tax cut, with those in the middle-income groups benefiting most. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures