Saving for retirement is undoubtedly a challenge for most Americans, which is why average retirement account balances are far too low and 39% of American workers have nothing saved for retirement at all. The good news is, there are efforts under way to try to increase savings rates. Lawmakers are currently considering bipartisan legislation in the form of the Retirement Enhancement and Savings Act of 2018.The Retirement Enhancement and Savings Act includes several important provisions aimed at encouraging savings, as well as a change to the rules that would make it easier to invest in annuities to provide lifetime income.