‘Vermont Saves’ helps workers plan for retirement [Video]

There is *** new program helping Vermonters save for retirement, and small businesses across the state are enrolling right now. It’s called Vermont Saves and it’s for companies like the Vermont Cider Lab in Essex Junction. That have 5 or more employees and don’t currently offer their workers *** retirement plan. Those employers have to sign up for the new program by the end of February, automatically enrolling workers in *** Roth IRA account. Those employees can then opt out if they choose or change the program’s default savings rate of 5%. The Vermont Saves retirement initiative is run through the state treasurer’s office. It points to data from Bloomberg that says more than 25% of Americans have no money saved for retirement. Vermont Saves is free to business owners like Chris Line. As *** small business owner, not being able to offer these things. Certainly yet, hopefully sometime in …