Episode 91: Retirement Savings in Illinois

Planning for retirement can be complicated. Christine Cheng from the Illinois Treasurer’s Office discusses how Illinois is addressing barriers and helping small businesses provide retirement benefits to their employees in our latest episode of Making Cents of Money. Show Notes: Other relevant Making Cents of Money episodes: • Free Financial Education Resources for Illinois Residents (ep. 82): https://on.soundcloud.com/qTW36fwcpVm39qWm9 • Building Wealth After Graduation (ep. 80): https://on.soundcloud.com/Jbsh4K1RTt6zLMnx7 • The Impact of Compound Interest (ep. 70): https://on.soundcloud.com/ZV4F8Kh9XuiaXtcW9 • Understanding Your Paycheck (ep. 69) https://on.soundcloud.com/ZUusJGntzDHEJeDw9 • Investing to Reach Financial Goals (ep. 57): https://on.soundcloud.com/2rneJZ3YPXSyUStY9 • Preparing for Retirement (ep. 12): https://on.soundcloud.com/hnQVfEy2p5xQwgBs5 Research discussed in this episode: • Pew’s look at how much states will pay for residents having insufficient retirement savings: https://www.pewtrusts.org/en/research-and-analysis/articles/2023/06/01/states-face-334-billion-shortfall-over-20-years-due-to-insufficient-retirement-savings • AARP’s Illinois fact sheet: https://www.aarp.org/content/dam/aarp/ppi/2022/state-fact-sheets/illinois.doi.10.26419-2Fppi.00164.015.pdf • Illinois Secure Choice website: https://www.ilsecurechoice.com/ • Illinois Financial Wellness Hub: https://illinoistreasurer.enrich.org/