16 of 22
BACKNEXT
Savings
Obama wants the government to augment low- and middle-income workers' savings. McCain would help retirees keep their savings.

· Require companies to automatically enroll their employees in retirement plans they offer.

· Encourage saving by keeping investment taxes low.

· Temporarily suspend mandatory withdrawals from retirements accounts for senior citizens age 70 1/2 and older.

"As president, I intend to act quickly and decisively to promote growth and opportunity. I intend to keep the current low income and investment tax rates." -- McCain*
· Require employers that don't offer retirement plans to set up IRA-type accounts.

· Require companies to automatically enroll their employees in 401(k)s or IRAs.

· Provide a federally funded match on retirement savings for families earning below $75,000.

· Temporarily suspend mandatory withdrawals from retirements accounts for senior citizens age 70 1/2 and older.

"Personal saving is at an all-time low. A part of the American dream is at risk." -- Obama**




NEXT: Free Trade
Last updated October 29 2008: 12:15 PM ET
Source:
*June 10, 2008, Speech, Washington, D.C.
**Nov. 7, 2007, Speech, Bettendorf, Iowa
More Galleries
This is how far robots have come since the 1930s Are robots catching up to humans? Yes. Should we be scared? Find out! More
The median home price is $236,000. Here's what that buys you The median home price climbed to $236,400 in June, according to the National Association of Realtors. Here's what that will buy you across the United States. More

Special Offer