What about private sector employees who don't have a retirement plan

More than half of nongovernment workers have no access to a retirement savings plan through their employers, according to AARP. In Illinois, 2,317,653 non-government employees don't have a plan. And Social Security alone is not enough to meet retirees' needs. So, what is to be done?

Some states, including Illinois, are looking to do something about it. "Governing," a publication focusing on state and local issues, reports that:

Most Americans are ill-prepared for retirement. Half of private-sector workers don't have an employer-sponsored retirement plan and only a small percentage of those 57 million people have saved enough on their own to retire. But that's starting to change.

This July, Oregon will become the first state to offer a retirement plan to part- and full-time private-sector workers who don't have access to one through their employer. The program is ultimately expected to cover nearly one million workers in the state.

Six other states -- California, Connecticut, Illinois, Maryland, New Jersey and Washington -- are also planning to roll out similar programs within the next five years. When that happens, the seven states will cover nearly one-quarter of the nation's private-sector workers without an employer-sponsored retirement plan.

How does it work? It's similar to a Roth 401(k). Here is more information

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