Congressman Richard Neal hopes that by showing how much workers are committed to saving for their retirement through IRAs, it will inspire employers to then adopt a 401(k), which have higher contribution limits.
By Jenny Ivy |
Updated on February 22, 2012
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Congressman Richard Neal, D-Mass., is trying to push a bill that would give small employers a tax credit for setting up automatic individual retirement accounts for participants who don’t have access to other savings vehicles at work.
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