Re: Retirement Summit Meeting
This is JUST what I want...........the government "helping" folks save for retirement through a manditory savings program......where have we heard that one before? How's that working out for you?
"...For his part, Aitken wants tangible and concrete results. Chiefly, he wants "automatic enrollment" into employer-sponsored retirement plans such as 401(k) plans to be adopted. With automatic enrollment, employees are entered into their company's 401(k) plan and they must opt out of participating in the plan. Not surprisingly, the net effect of automatic enrollment is that more rather than fewer employees are saving for retirement. In fact, the percent of employees participating in retirement plans generally rises from 75% to more than 90% when automatic enrollment is part of the formal plan design...."
Work? I don't have time to work....I'm retired.