Auto-IRAs Could Reduce Retirement Savings Shortfall by 16%
EBRI decided to look closer at the way a number of states have launched their own automatic retirement savings initiatives.
Tag: retirement savings shortfall
Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of $4.13 trillion would be reduced by $932 billion, or 22.6%.