<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Saturday,  November 2 , 2024

Linkedin Pinterest
News / Business / Clark County Business

Washington Saves fills gap for private-sector employees without a 401(k); plan set to launch in 2027

State run program will help residents save for retirement

By Sarah Wolf, Columbian staff writer
Published: May 27, 2024, 6:05am
success iconThis article is available exclusively to subscribers like you.

Most people who have retirement savings set their money aside in a 401(k) or similar tax-deferred accounts. But 401(k)s are not available to everyone.

For those roughly 1.2 million Washingtonians who don’t have access to an employer-sponsored retirement account, lawmakers recently created an alternative: Washington Saves, an automatic individual retirement account program for private-sector employees.

Thank you for reading The Columbian.

Subscribe now to get unlimited access.

Already a subscriber? Sign in right arrow icon
Loading...