According to the New York Times, most gig economy workers lag behind those with traditional jobs in saving for retirement. However, parts of a new federal law can help them catch up.
- What is the Act called?
- When will the direct government contributions to retirement accounts for low- and moderate-income workers start?
- How much will the Federal government deposit?
- What are the limits required for eligibility?
Carnes, A. (2023). For Freelancers, New Federal Help in Saving for Retirement. The New York Times, Jan. 6 (Retrievable online at https://www.nytimes.com/2023/01/06/your-money/secure-act-retirement-freelancers-gig-workers.html?)