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The Auto I.R.A. Is Gaining Traction as a Retirement Savings Option



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Illinois is seeing steady growth in worker participation despite the economic mess brought on by the coronavirus. In March, Illinois Secure Choice had 60,000 funded accounts, with $17.2 million in assets. In November, those numbers had climbed to 77,000 and $42.8 million.“To me, that underscores the value of these programs and the importance of having access,” said Courtney Eccles, the director of Illinois Secure Choice.As auto I.R.A.s gain footholds around the country, critics have surfaced. “It’s hard to say it’s a bad thing to make a savings opportunity available to people, but I would have preferred that …

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