Will Washington Pay You to Save for Retirement?
Saving for retirement is an essential component of long-term financial planning. But it's also difficult, especially for those who have trouble enough making ends meet to pay their regular living expenses.
Historically, the Internal Revenue Service has tried to encourage people to save for retirement, especially among lower-income Americans. The Retirement Savings Contributions Credit, or Saver's Credit for short, helped roughly 10 million taxpayers get money back from the IRS to help finance their retirement savings. But if lawmakers in Washington have their way, a new proposal could open up federal matching to a lot more people.
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Source Fool.com
