Accessibility links
Administration Proposes Changes to Encourage Savings The White House proposes major changes to encourage individuals to save more money toward retirement. The plan would replace Individual Retirement Accounts with personal-savings accounts featuring higher allowable contributions. Critics say the proposals would increase federal deficits. NPR's Kathleen Schalch reports.

National

Administration Proposes Changes to Encourage Savings

Heard on All Things Considered

Administration Proposes Changes to Encourage Savings

Listen · 4:00
  • Download
  • <iframe src="https://www.npr.org/player/embed/967456/967457" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The White House proposes major changes to encourage individuals to save more money toward retirement. The plan would replace Individual Retirement Accounts with personal-savings accounts featuring higher allowable contributions. Critics say the proposals would increase federal deficits. NPR's Kathleen Schalch reports.