Retirement Security

Guest Post: Six Tax Reforms to Increase Economic Security for All

April 17, 2014
Publication Image Editor's note: this blog post was authored by Heather McCulloch, Manager of the Tax Policy Project of the Asset Funders Network. It originally appeared on the ACCESS to Financial Security site and is reprinted here with the author's permission.

It’s tax time, the perfect time to consider how tax code reforms can create an America that lives up to its promise of opportunity for all.

Upcoming Event: 2014 Color of Wealth Summit

April 2, 2014
Publication Image Mark your calendars for April 30 and May 1: the Closing the Racial Wealth Gap Initiative (managed by the Center for Global Policy Solutions) will be hosting its annual Color of Wealth Summit in Washington, D.C. The goal of the event is to bring together political leaders, researchers from a range of fields, advocates, and members of the public for a conversation about “the racial wealth gap, its effect on marginalized households, its impact on the U.S. economy, and solutions for closing the gap.”

Connecting Tax Time to Financial Security

  • By
  • Rachel Black,
  • Elliot Schreur,
  • New America Foundation
February 25, 2014
The ability to accumulate and access savings is a fundamental determinant of economic security for many families, especially those with low incomes and limited resources. Since every family’s circumstance is different, so too are their savings needs, which can range both in time horizon and flexibility of purpose. Current federal policy favors longer-term, targeted purposes, such as savings for retirement, leaving a void in policy supports for households whose savings needs are more immediate.

Asset Building News Week, December 16-20

December 20, 2013
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include workers and the minimum wage, public assistance, poverty, and retirement security.

The Asset Building Program's Favorites of 2013

December 19, 2013
Publication Image The end of the year is traditionally a time for reflection, and everyone, everywhere on earth loves a listicle, so my colleagues and I decided to pull together a look back on the year that was for the Asset Building Program. Below you’ll find links to some of our favorite pieces of the year and the pieces that tiny elves (ok, Google Analytics) tell us were most popular with you, our readers.

New Paper: Designing California’s Secure Choice Savings Program

November 26, 2013
Publication Image Today, the Asset Building Program is releasing a new paper outlining some key policy considerations for California Secure Choice, the state’s new retirement program for the 6.3 million private sector workers who lack access to an account through their employers. The paper is based on a response we submitted to a recent Request for Information from the California Secure Choice Investment Savings Board, seeking input about the program’s structure and design before the state moves forward with a feasibility analysis.

Designing California's Secure Choice Savings Program

  • By
  • Michael Calabrese,
  • Reid Cramer,
  • Aleta Sprague,
  • New America Foundation
November 25, 2013
Increasing access to retirement savings plans and creating incentives for low- and moderate-income workers to participate is a cornerstone of a policy agenda that democratizes asset building opportunities. Previously, we have authored a series of policy papers, issue briefs, and published testimony about automatic IRAs, universal 401(k)s, and the role of the tax code in creating inequitable subsidies for retirement savings.

Looking to Australia for Innovations in Retirement Security

September 23, 2013
Publication Image

Last week, the Brookings Institution’s Retirement Security Project and AARP Public Policy Institute co-hosted an event exploring the retirement savings systems of Australia and a range of other countries in Asia and Europe, with the goal of identifying lessons for the ailing American system. Gary Koenig, Director of the Economics Team at AARP PPI, framed the event by noting that the U.S. retirement system is “not working well enough for enough workers.” Further, although inadequate retirement savings is an “international problem,” other nations’ success with features like automatic enrollment and even mandatory savings may offer some useful models as the U.S. strategizes about how to address its own system’s shortcomings.

New California Retirement Program Puts Out Request for Information

September 16, 2013
Publication Image

Earlier this year, we published an issue brief about the California Secure Choice Retirement Savings Program (“CSC”) – a new law championed by state Sen. Kevin de León that aims to connect California’s private sector workers with retirement accounts and curb escalating rates of senior poverty. In California, over six million private sector workers—disproportionately women, people of color and lower-income workers— currently lack access to retirement accounts through their employers, which mirrors national statistics. CSC would automatically enroll these workers in portable accounts with a modest guaranteed rate of return.

Beyond the Low Wage Social Contract

  • By
  • Joshua Freedman,
  • Michael Lind,
  • New America Foundation
September 10, 2013

The issue of low wages has moved to the center of American public debate recently, thanks to protests against the low pay of fast food workers, the large share of poorly-paying and part-time jobs that have been created in the aftermath of the Great Recession, and proposals by President Obama and others to raise the minimum wage. But while the debate may be recent, today’s low wages are neither new nor surprising. On the contrary, they are the result of decades of public policy.

Syndicate content