Webinar

Expanding Retirement Savings through State IRA Programs and Addressing Barriers to Building Retirement Wealth

Retirement savings represent the second-largest source of household wealth in the United States after homeownership. According to a recent study published by the Aspen Institute, the vast majority of the $10.4 trillion in retirement savings, a key component of overall wealth, is accumulated in workplace retirement plans. Establishing and expanding State-affiliated retirement savings programs (or auto-IRAs), addressing barriers to building retirement savings through assessment limits in public benefits programs, and addressing Know Your Customer Rules could increase retirement savings for eligible individuals by as much as 50% and expand benefits to millions of eligible but disqualified American workers.  Please join Asset Funders Network in Partnership with Pew Charitable Trusts as we:

  • Build on work establishing state-facilitated retirement savings programs (auto-IRAs) and their proof of concept to develop a national retirement coverage standard.

  • Address Benefits Limits in public assistance programs that penalize asset accumulation by carving out exceptions to retirement savings

  • Address Know Your Customer rules that can deter eligible low and moderate income individuals from establishing auto-IRAs

  • Identify ways for philanthropy to help drive employer adoption of secure choice especially within the non-profit sector

Saving for retirement is a critical part of the American dream and a priority for nearly all American workers.  Policy changes can help support millions of eligible Americans in establishing and saving for their futures. Registration link to be provided soon.

Captioning will be provided. If you have any other accessibility requests or questions, please email Paula Dworek at paula@assetfunders.org. Requests for reasonable accommodations must be received by May 30, 2025, to ensure our ability to meet your request.