Obama to propose expanding retirement plans

Changes that President Obama will propose to employer-sponsored retirement plans could help 30 million American workers have access to retirement savings, the White House said Monday. Obama's plan consists of of a number of legislative proposals, which he'll outline in the 2017 budget he'll submit to Congress next month. The retirement proposals are part of an economic security agenda Obama outlined in his State of the Union address this month, which also included a call to expand unemployment benefits. "For Americans short of retirement, basic benefits should be just as mobile as everything else is today," Obama told Congress. "Even if he’s going from job to job, he should still be able to save for retirement and take his savings with him.”