Retirement Security Matters: March 24, 2023
Spring has arrived, bringing warmer days, fresh blooms, and a sense of renewal. It’s the season of flowers, Easter eggs, spring cleaning, and new beginnings—and a great time to dive into the latest in retirement savings innovation. This week, Mark Iwry takes a future-focused look at SECURE 2.0, we share fresh numbers from the states, key updates from Maine, Massachusetts, and Puerto Rico, Hot Sauce and cool finds, and Pix of the Week. Let’s get started!
Pennsylvania’s Treasurer Stacy Garrity: Fresh perspectives on savings and impact
As the 78th Treasurer of the Commonwealth of Pennsylvania, businesswoman and retired decorated, U.S. Army Reserve Colonel Stacy Garrity is focused on transparency, cutting waste and fees, and helping Pennsylvanians save for the future. How’s she doing it? don’t miss this piece!
Grant’s Go-To’s: What is the Cost of Doing Nothing?
Establishing state-facilitated retirement savings programs (SFRPs) comes with costs, but so does doing nothing. Research on “the cost of doing nothing” highlights the potential of SFRPs to address the impact of insufficient retirement income on economic growth, tax revenues and the costs of social services.