July 25, 2021

Biden’s plans will help those ‘fearful of outliving their retirement savings’

President-elect Joe Biden wants to help Americans save for their golden years by expanding access to retirement savings plans, making health care more affordable for seniors, and strengthening Social Security.

“These will comfort those who perhaps did not save enough or were fearful of outliving their retirement savings,” said F. Michael Zovistoski, managing director at UHY Advisors, a financial firm. “If this plan stops the dwindling of retirement savings, it would have a direct effect of increasing the inheritance of the next generation.”

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