Closing the Guarantee Gap
October 03, 2017
October 03, 2017
NEW YORK, Oct. 3 -- TIAA-CREF issued the following news release:
The U.S. private retirement savings system is intended to help Americans accumulate financial resources for retirement. Employers are encouraged to offer retirement plans to their workforce, and plans benefit from favorable tax treatment. While the retirement savings system has considerable strengths, changes are needed to close three key gaps:
* the Coverage Gap. Many Americans lack access to a workplace . . .
The U.S. private retirement savings system is intended to help Americans accumulate financial resources for retirement. Employers are encouraged to offer retirement plans to their workforce, and plans benefit from favorable tax treatment. While the retirement savings system has considerable strengths, changes are needed to close three key gaps:
* the Coverage Gap. Many Americans lack access to a workplace . . .