Why it’s time to create an auto-IRA - Money Features

Why it’s time to create an auto-IRA - Money Features: "Tucked in among the ambitious programs laid out in President Barack Obama’s proposed 2010 budget yesterday was a welcome provision for employees of small businesses: the creation of an automatic Individual Retirement Account (IRA). As Obama pointed out in his budget proposal, some 75 million Americans—roughly half of all workers—lack any sort of employer-based retirement plan, such as a 401(k). And that group includes most employees of small businesses."