Editor: Crass Cash
http://www.thestreet.com/story/13187068/1/saving-for-retirement-could-soon-become-even-more-painless.html?puc=yahoo&cm_ven=YAHOO
I first read this book a number of years and I totally agreed with it in regards to this circumstance. Congress is looking to make it mandatory for people to be automatically signed up into their employer's retirement plan. This is good because countless studies have shown that the participation rate flips vs when they have to do it on their own. It goes from 1/3 to a 2/3 participation rate.
I'm glad to see that Congress is working on this in a bipartisan way to help the American people. You should still be able to opt out of it, but at the very least it gets people talking about investing and retirement.
I first read this book a number of years and I totally agreed with it in regards to this circumstance. Congress is looking to make it mandatory for people to be automatically signed up into their employer's retirement plan. This is good because countless studies have shown that the participation rate flips vs when they have to do it on their own. It goes from 1/3 to a 2/3 participation rate.
I'm glad to see that Congress is working on this in a bipartisan way to help the American people. You should still be able to opt out of it, but at the very least it gets people talking about investing and retirement.
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