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Chad Griffith

Retirement savers are getting little support in Washington these days. This week two Republican congressmen submitted bills aimed at blocking Labor Dept. rules that smoothed the way for state retirement savings plans—these programs, now being set up, would allow small business owners to auto-enroll employees into IRAs. (Workers could opt out.) State plans have bipartisan backing and would provide a valuable benefit, since most workers without employer plans don’t save for retirement. The congressional bills follow last week’s move by President Trump to delay the fiduciary rule. These efforts may not get traction, but it’s all the more reason to keep your own plan on track, and maybe nudge up your savings rate.

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