Why 50% of U.S. Workers Are Retirement Have-Nots – Wall Street Journal – 07/23/13

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Half of American workers don’t participate in savings plans for retirement at work often because the places where they work don’t offer savings plans. MarketWatch’s Thomas Bemis discusses what that means for future retirees.

There are many low cost retirement plans available to small businesses. They include SEP-IRAs, SIMPLE IRAs and 401(k)s.

Some employers are concerned about the strict testing requirements of 401(k) plans. A safe harbor 401(k) plan assures the compex testing of a traditional 401(k) plan is no longer necessary.

Even if your employer does not offer a retirement plan, you can always contribute to a Traditional IRA or Roth IRA for you and/or your spouse (even if your spouse has a retirement plan at work).

Taxpayers Making $200,000 (Single), $250,000 (Couples) Would See an Investment Surtax of 3.8% on Interest, Dividends, Capital Gains and the Like on Sources Above the Limits

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