An underutilized incentive to save for retirement might get a bit wider exposure, if the National Institute on Retirement Security and the Pension Rights Center have their way.
The two institutions have teamed up to issue a fact sheet on the Saver's Credit, so that people unfamiliar with the incentives it offers might discover the assistance it offers in putting away money for retirement.
Also known as the Retirement Savings Contribution Credit, the Saver's Credit allows lower-income workers who put money into a retirement account to receive a credit on their federal income taxes—stretching their retirement savings dollars a little further.
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