Government help may be required to solve the retirement crisis, says a MarketWatch report, and among the steps it should take to do so are improved Social Security benefits and auto-IRAs.
The actions of the government under the Trump administration thus far have been to overturn previous efforts to allow states to set up retirement plans for workers without running afoul of federal pension laws, the report says.
It points toward the resolution signed by Trump last month to kill the safe harbor that had been created by the Labor Department to help the states launch retirement plans for workers in the private sector whose employers don’t offer such plans.
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