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Retirement Planning

How to prod workers to save for retirement

How to prod workers to save for retirement

As a growing number of Baby Boomers age out of the workforce, they're confronting one of the downsides of longer lifespans: their failure to save enough for retirement. Nearly half of the workers in California are on a path to the poor house in their dotage, reliant on Social Security checks that may not be large enough to keep them off government assistance. Next week, Senate President Kevin De Leon is expected to offer a bill that will push more lower-income workers to set aside a portion of their take-home pay for the future. His proposal, years in the making, does smack of a Nanny State solution to a problem that people should be solving for themselves. But they aren't, which is why...

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