daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
Be careful what you wish for - Federal Govt. regulations paint with a broad brush. "Everyone" will be subject to that legislation. Would most likely lose everything gained with IRAs and ROTHs as a DB replacement in an effort to pay for those that have chosen to ignore saving for retirement. I don't imagine those with nice Govt. pensions would like to be subjected to legislated DB plans of the Federal Govts. doing to be implemented for all U.S. workers. That could be a possibility.
I am not really wishing for anything. I have just had time to read books on behavioral economics lately and I think it is more realistic that changes will be made to enforce more retirement savings in some way because otherwise many people, maybe most, won't do it on their own.
I see crazy financial stuff going on in regards to savings / spending / huge student loans / unaffordable homes and lifestyles / no retirement savings with former co-workers, neighbors and friends who I thought would have had the income and education to know better. I don't really understand it but it is what it is.