With Approximately 2.1 Million New Yorkers Retiring
In Next 10 Years, Gillibrand Unveils Plan To Help Middle
Class Nyers Save For Retirement
Senator's Plan Expands Tax Credits for Retirement
Senator's Plan Expands Tax Credits for Retirement
Plans, Makes 401(k)s More Secure and Transparent,
Promotes Automatic IRA Enrollment
Washington, D.C. – With approximately 2.1 million New Yorkers set to retire
in the next 10 years and approximately 5 million to retire in the next 20 years, U.S. Senator Kirsten Gillibrand today unveiled plans to help hardworking middle class New Yorkers save for retirement. Her new legislative agenda would expand tax credits that match contributions to retirement plans, protect 401(k)s with more security and transparency, and encourage automatic enrollment in Individual Retirement Accounts (IRAs) to help more middle class workers plan responsibly for retirement. Americans lost over $2 trillion in their individual retirement savings as a result of the financial crisis, making retirement harder for millions of middle class New Yorkers.
“The horrible economy is making it extremely difficult for middle class New Yorkers to save for retirement,” Senator Gillibrand said. “Every hardworking New Yorker deserves the opportunity to retire and feel safe in their golden years. To do that, we have to provide more opportunities for people to plan ahead and save for their retirement. My legislative agenda would help more middle class New Yorkers stay on track to an affordable retirement by extending tax credits that match contributions to retirement plans, protecting 401(k)s with better oversight and transparency, and making businesses automatically enroll employees in IRAs so every hardworking New Yorker can stay on a sturdy path to retirement.”
More than a quarter of New York’s population will be retiring over the next 20 years – many of whom suffered extreme losses to their retirement savings.
in the next 10 years and approximately 5 million to retire in the next 20 years, U.S. Senator Kirsten Gillibrand today unveiled plans to help hardworking middle class New Yorkers save for retirement. Her new legislative agenda would expand tax credits that match contributions to retirement plans, protect 401(k)s with more security and transparency, and encourage automatic enrollment in Individual Retirement Accounts (IRAs) to help more middle class workers plan responsibly for retirement. Americans lost over $2 trillion in their individual retirement savings as a result of the financial crisis, making retirement harder for millions of middle class New Yorkers.“The horrible economy is making it extremely difficult for middle class New Yorkers to save for retirement,” Senator Gillibrand said. “Every hardworking New Yorker deserves the opportunity to retire and feel safe in their golden years. To do that, we have to provide more opportunities for people to plan ahead and save for their retirement. My legislative agenda would help more middle class New Yorkers stay on track to an affordable retirement by extending tax credits that match contributions to retirement plans, protecting 401(k)s with better oversight and transparency, and making businesses automatically enroll employees in IRAs so every hardworking New Yorker can stay on a sturdy path to retirement.”
More than a quarter of New York’s population will be retiring over the next 20 years – many of whom suffered extreme losses to their retirement savings.
Read more HERE
No comments:
Post a Comment