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Headlines you need to know this week   —   March 26, 2019

Most taxpayers plan to save their refunds
In a survey of adults receiving a tax refund this year, half plan to save the money, according to the National Retail Federation. In another survey, 28% of respondents planned to save most of the funds, and 25.2% planned to save the entire refund. Another 6% of those polled noted they would invest most or all of the refund.
Are Gen Xers neglected?
Financial advisors may be so focused on growing the number of Millennial clients that they are neglecting another group — Generation X. New research from Cerulli found that Gen X has a total of $7.6 trillion in investable assets, compared with $1.8 trillion for Millennials. In analyzing the projected wealth transfer over the next three decades, younger Baby Boomers and Gen Xers are expected to inherit the most significant share, the report stated.
Washington state considers retirement savings plan
Washington state lawmakers are considering establishing a state-run retirement savings plan for private sector workers. The bill, introduced in January, has already received Senate approval and is under consideration by the House. Nearly two dozen states have considered setting up a state-run plan for workers who do not have access to a retirement savings plan at work. Oregon launched its government-run retirement plan in 2017. California is also preparing to introduce a plan.

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