written by Tom Beisner

Tom Beisner head shot

I think these initiatives are great!  Anything that will allow people to put more into their retirement plans and save on current taxes is a good idea in my opinion.

A recent article outlined President Obama’s initiatives to help people increase their savings:

  • Make it easier for small businesses to automatically enroll workers in a 401(k) or IRA.
  •  Gradually increasing automatic worker contributions over time.
  • Allow taxpayers to check a box on their tax return to have their refunds sent to them as savings bonds.
  • Make it possible for employees to put payments for unused vacation or sick days into their retirement plan.

Read the full article posted by Web CPA