Congress Takes Aim at New Retirement Savings Programs Move would hinder states from helping people who don’t have workplace plans. by Eileen Ambrose, AARP, February 16, 2017 | Comments: 0. Istock. Employees are 15 times more likely to save for retirement if they have a plan at work.

May 08– May 8–I’ve long thought that an overhaul to the U.S. retirement savings system is in order. And, it appears that I’m not the only one. For the first time in 13 years — a period marked by.

O’Hanley told attendees at the Chamber’s Capital Markets Summit that the country needs to “act now to avert the looming catastrophe America faces if we don’t get serious about addressing the.

Health care costs are the top retirement concern for Americans. According to the survey, 28 percent of people are worried their medical expenses will be too high. But fewer than 15 percent of those nearing retirement age have estimated how much they will spend on health care in retirement, according to a 2014 survey by Merrill Lynch and Age Wave.

Along with saving and planning for retirement, Congress is discussing ways to improve Social Security, which is facing insolvency in the next 16 years. If nothing is done, the program will still pay benefits to the elderly and the disabled, but it will be about 80% of what they’re owed .

1. The state also created a bilingual app for Spanish speakers available in July. Also see: Congress gets serious about retirement saving Other states have expressed interest in a state-sponsored.

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Congress gets serious about retirement saving By. "The retirement savings system that we have is actually very good but it can be improved," said Bob Grohowski, head of legislative and.

Congress gets serious about retirement saving. MarketWatch; Posted on May 16, 2019; Lawmakers from across the country are proposing legislation to encourage more Americans to save for retirement, and they’ve got a list of ways to do it.

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40 With No Savings? How to Retire a Millionaire. 5 Minute Read. No wonder retirement savings takes a back seat!. You may have let the previous 20 years of your career roll by without getting serious about retirement savings, but that doesn’t mean you have to spend the next 20 years the.

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