IRS provides savings & retirement initiatives to help Americans save for the future

The Treasury and IRS has issued some initiatives for retirement and savings. Listed below are a few ways to help save for the future and retirement.
1. Automatic enrollment in retirement plans- The US Treasury and IRS has issued guidance for employers to add automated enrollment in their 401(K) or SEP IRA plans to boost up savings and retirement.
2. Receive your tax refund as a U.S. Savings Bond- For the 2010 tax season, taxpayers will be able to convert their income tax refunds into I Savings Bonds
3. Unused vacation days- The Treasury and the IRS have issued guidance where for those employees who receive cash payment for unused vacation days (or other similar leave) at the end of the year or at termination of employment. These guidelines addresses the amount the employee is entitled to receive for the unused days to be put in by the employer in employee’s retirement plan as employer contribution or elective 401(K) contributions.


Source: http://www.irs.gov/retirement/article/0,,id=212061,00.html