Washington, D.C. —The National Association of Women Business Owners (NAWBO) is expressing their support for the SECURE Act, which was passed by the U.S. House of Representatives this week.
The bi-partisan legislation will expand opportunities for Americans to increase their retirement savings and improve the portability of lifetime income options from one plan to another.
“The NAWBO National Annual Membership Survey reveals that not enough of our members are preparing for retirement for themselves or their employees. This is an all too common problem among small business owners,” says Molly Gimmel, NAWBO National Board Chair. “We applaud the U.S. House for passing the SECURE Act in a bipartisan manner.”
Recent data from Paychex shows that 39% of today’s small business owners are not confident they can retire. The Paychex survey also demonstrated that just being able to save more would increase their confidence about retirement.
NAWBO National was founded in 1975 to serve as the first advocacy organization for all women business owners. On June 4, 2019, NAWBO members from across the country will be gathering in Washington, D.C. to discuss these issues with members of Congress and the Administration on their national Advocacy Day.
Founded in 1975, NAWBO is the unified voice of America's more than 10 million women-owned businesses representing the fastest growing segment of the economy. NAWBO is the only dues-based organization representing the interests of all women entrepreneurs across all industries. NAWBO develops programs that help navigate women entrepreneurs through the various stages of their business growth.
To learn more, please visit www.nawbo.org.