Investing/Retirement

Analysis: J. Mark Iwry of the Brookings Institution and David C. John of The Heritage Foundation find in the so-called automatic IRA “a new and… promising approach to expanding the benefits of automatic saving to a wider array of the population.” The best part of this plan, Iwry and John write, is the lack of red tape for employees, which would would lead to “the indirect intended effect… to draw small employers into the private pension system.” (PDF format)