The new State Treasurer for Wisconsin is looking to address the retirement crisis facing many in the state, especially those in Door and Kewaunee counties. In an interview Tuesday with DoorCountyDailyNews.com, State Treasurer Sarah Godlewski says the numbers show that half of all Wisconsinites have less than $3,000 saved for retirement. She says the solution may lie within a state-facilitated retirement plan like Oregon’s Roth IRA program that began a little more than two years ago.
Godlewski says an AARP survey shows that over 80 percent of Wisconsinites are concerned about the increasing cost-of-living and having enough money to maintain their lifestyle after retirement. She adds the plan would be to work with small businesses to provide saving tools, like automated deposits from paychecks, through a state retirement program. You can listen to the entire interview with State Treasurer Sarah Godlewski below.
(Photo courtesy of Sarah Godlewski)