Automatic Enrollment in IRAs: Costs and Benefits
Publication Date: August 2009
Publisher(s): Tax Policy Center
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Federal Budgets & Fiscal Policy; Retirement/Pensions; Fiscal future; Taxes and Social Programs
To encourage better retirement saving, President Obama recently proposed policies that would require firms without retirement savings plans to automatically enroll their workers in IRAs. In addition, the president proposed an expansion of the Saver's Credit to be fully refundable and available to middle-income taxpayers. This report estimates the revenue costs and distributional effects of the president's proposals.