The Truth About MarylandSaves (And What to Do Instead)

The Truth About MarylandSaves (And What to Do Instead)

If you’re a business owner in Maryland, you’ve likely heard about **MarylandSaves**—the state’s automatic retirement program. It’s marketed as a solution for employees without plans, but for most families, it’s just a starting point.

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How MarylandSaves Works

– Employers without retirement plans must enroll workers
– Accounts are **Roth IRAs**, capped at annual contribution limits
– No employer match required
– Employees can opt out, but default enrollment applies

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Who It Affects

– Employees: Gain access to retirement savings, but limited to Roth IRA rules
– Business Owners: Responsible for compliance, yet see no benefit for their own retirement
– Families: Still face retirement income gaps

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Why MarylandSaves Falls Short

– ? Contribution caps too low to replace income
– ? Market risk remains high
– ? No debt payoff strategy
– ? Owners comply but don’t benefit

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The Better Option

Instead of settling for compliance, Maryland business owners can create systems that:

– ? Protect income from market volatility
– ? Build liquidity reserves
– ? Eliminate debt to increase cashflow
– ? Provide a retirement path for both employees and owners

[Insert Chart: MarylandSaves vs. Banking Like a Bank Strategy]

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Internal Links:

– [Baltimore City Page](/maryland/baltimore/)
– [Columbia City Page](/maryland/columbia/)
– [Frederick City Page](/maryland/frederick/)
– [Download the Maryland Retirement Mandate Guide](/guides/marylandsaves)

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Call to Action

Compliance doesn’t equal security.

Download the Maryland Retirement Mandate Guide
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