Tag: employer sponsored retirement plans
The MyRA (My Retirement Account), which the President proposed in the State of the Union, addresses the most serious problem in our retirement system – at any moment in time only 42 percent of private sector workers (age 25-64) participate in any form of employer-sponsored retirement plan. The lack of universal coverage means that many…
Lots of proposals have been put forth for a new and better retirement system, but they don’t answer the question of how we get from here to there.[1] We have a fairly extensive – albeit far from perfect – 401(k) system that people have just begun to understand. In my view, it makes more sens…
