Barack Obama announced measures to boost retirement savings

U.S. President Barack Obama announced measures to encourage savings for retirement, which according to the White House would have a positive effect on the economy in the future.

In his weekly radio address on the Internet, and Obama said the government wants to introduce rules that make it easier for Americans engaged in small business, are recorded in individual pension funds and pension plans.

„We need to revitalize the economy and restore it stronger than before. It is essential for efforts in this direction is to provide people the opportunity to save – for home or for college, retirement or a rainy day,“ said President of the United States .

Announced measures do not require approval by Congress, and most will take effect immediately.

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Finance
BTA