Nearly half of all private sector workers do not have an employer-sponsored retirement plan. But that’s no reason not to save. Payroll Deduction IRAs are just one way workers can make their own plan. Just set up a traditional or Roth IRA, authorize the payroll deduction you are comfortable with, and watch your retirement savings grow. Of course you can fund your IRA in other ways, but payroll deduction is a simple, automatic way to save for your future.
Employers – large and small – also have plenty of options available to help provide their employees with a secure financial future. Whether it’s a defined benefit plan, a 401(k), or a SIMPLE IRA, employers can choose a plan that works best for their employees and their business. The IRS has published a guide to help you understand employer-sponsored plans and decide which savings options work best for you. For more information, check out the Plan Feature Comparison Chart.
The Savings Coalition of America was organized in 1991 to support to increase personal savings in the United States. Its mission is to promote and advance policies that will increase the level of personal savings in the United States as well as protect current policies that encourage personal savings. The Savings Coalition also supports increasing awareness of the importance of saving by Americans.
The members of the Savings Coalition represent a wide variety of private interests including engineering, consumer groups, home-building, realtors, tangible assets, trust companies, health care industry, banking, financial services, education, insurance, securities and business groups.
“Money is the opposite of the weather. Nobody talks about it, but everybody does something about it.” – Rebecca Johnson.
SAVING FOR ONE, SAVING FOR ALL
Everyone understands how saving can give people a sense of security and independence. Personal saving is crucial to planning for life’s expected and unexpected events, and for building financial security and freedom. But personal savings is more than just personal – it is fuel for America’s economic engine. Read more...
Members of the Savings Coalition of America support various legislative proposals that expand Americans' opportunities to save for their futures. If you are in agreement with the position of the Savings Coalition, you are encouraged to contact your Representative, Senators and the President to share your views on these pieces of legislation. In order to make that contact easier, the email addresses for these legislators are included in the following lists. You are also encouraged to send a handwritten note via mail or to call. The addresses and phone numbers are also included.
U.S. House of Representatives: The Honorable (name of your Representative)
U.S. House of Representatives
Washington, DC 20515
Phone: (202) 225-3121
Email your Senators: www.senate.gov/contacting/index.cfm
White House: The Honorable Donald J Trump
The President of the United States
1600 Pennsylvania Avenue, NW
Washington, DC 20500
Phone: (202) 456-1414