Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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
Most expensive cars from the Scottsdale collector car auctions The ten most expensive cars sold at the annual Arizona collector auctions went or a total of $44 million. More
The Obama economy in 10 charts President Obama came to office in January 2009 in the midst of the Great Recession. Much has turned around since then, but he's been criticized for a slow recovery. More
Best Jobs in America CNNMoney/PayScale's top 100 careers with big growth, great pay and satisfying work. More

Special Offer