How One City Is Trying To Help Workers Build Retirement Wealth

According to Gallup, four out of 10 Americans do not have money in any sort of retirement account. This leaves a significant amount of people without any money once they stop working. The city of Philadelphia is trying to help its residents without retirement savings through a new program called PhillySaves. CPA Practice Advisor reported that the plan would work by automatically enrolling employees without 401(k) plans into a city-managed plan that would be funded through payroll deductions. The plan woul ...