Most Americans are not saving enough to live comfortably in retirement. We know that pensions, for those who will receive them, only cover about 65-70% of a person's pre-retirement salary. That difference is the retirement gap and it needs to be made up for somewhere. Ohio DC is one of the best resources for covering that gap.
Among the best options that Ohio DC participants have to save more is the opportunity to take part in the SMarT automatic deferral increase program or SMarT Plan. The SMarT Plan lets participants choose a specific date each year to automatically increase the deferrals that go into their Ohio DC account. This helps people boost their savings rate each year without even thinking about it. If you would like to learn more about the SMarT Plan, click