Think tank proposes a new kind of retirement savings plan

The Center for American Progress, a nonprofit think tank, is calling for the creation of a retirement-oriented savings vehicle that it says combines the best features of 401(k) plans and traditional pensions. The center calls it the SAFE plan, for Secure, Accessible, Flexible and Efficient. An actuarial analysis found the SAFE plan would outperform 401(k)s and IRAs, the center said.

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Washington Post (tiered subscription model), The · BenefitsPro.com

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