MyRA and auto-enrollment IRA proposals – Making retirement savings easier may not be so easy

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Abstract: Most experts generally agree that Americans aren’t saving enough for retirement. Two recent initiatives coming from Washington seek to lower barriers that may be getting in the way, including employee inertia. The jury is out on whether inertia in the divided Congress will get in the way, as well as whether the latest proposals will appeal to employers and employees. This article summarizes these proposals, while a sidebar discusses an effort to limit “inefficient retirement tax breaks” for the wealthy.