WASHINGTON ― The Obama administration finalized a rule on Thursday aimed at making it easier for states and cities to automatically enroll workers in government-sponsored retirement accounts. The move, implemented by the Department of Labor, is the latest in a series of measures President Barack Obama has taken to increase retirement security in the face of what many experts believe is an impending retirement income crisis. “For workers without access to savings arrangements through their employers, this rule means a new way to secure their financial futures,” Secretary of Labor Thomas Perez said in a statement. (huffingtonpost.com – Daniel Marans) Read the whole story by clicking here!

Couple on chairs on deck of cruise ship

President Obama “shares his retirement plans”…

 

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