---
title: Retire with Money Sept. 2
description: Happy Labor Day! Just as many of us are heading out for a long weekend, California workers got some good news—the state legislature passed a…
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published: '2016-09-02T05:00:11.000Z'
modified: '2016-09-02T05:00:11.000Z'
canonical: https://money.com/newsletter/retire-with-money-09-02/
type: Article
source: structured-blocks
---

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![Retire with Money Sept. 2](https://money.com/img/logo-social.png)

![Penelope Wang](https://img.money.com/2015/03/penelope.jpg?quality=85)

Happy Labor Day! Just as many of us are heading out for a long weekend, California workers got some good news—the state legislature [passed a bill](https://money.com/california-pioneering-new-retirement-savings-plan-secure-choice/) that will provide coverage for small-business employees who lack a workplace retirement plan. The bill is expected to be signed by Gov. Jerry Brown this month. California would be the largest state to offer a retirement saving plan, but it’s not alone—some 30 other states are in various stages of setting up similar programs. All of which highlights a basic problem: without an employer nudge, most people [don’t save for retirement](https://www.ebri.org/pdf/briefspdf/ebri_ib_413_apr15_rcs-2015.pdf). If you don’t have a workplace plan, set up automatic investments into an IRA. (And if you have a plan, step up your contributions.) That way, your savings will really happen—and you will improve your chances of affording a comfortable retirement.

*Best wishes,*

*Penny*

*P.S. If you like this newsletter, please pass it on to a friend! And if you got it from a friend, sign up* [*here*](https://pages.email.time.com/retire-with-money_opt-in/?utm_source=time.com&utm_medium=email&utm_content=2026092814pm&xid=newsletter?utm_source=time.com&utm_medium=email&utm_campaign=breaking-news&utm_content=2026092814pm&xid=newsletter-breaking-news) *to make sure you don’t miss the next issue.*

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