Wednesday, April 4, 2012

Will Fixing 401ks "Fix" the Retirement Crisis?

That is the question posed by a great Washington Post article today.  The entire piece is packed with good information, examples and policy solutions.

This quote from Alicia Munnel of the Center for Retirement Research sums up the debate that will be worth watching in the next few years, as more and more burden for retirement is shifted to working families:
“Our whole retirement system’s too small. When you put together Social Security and these 401(k) plans, it’s just not going to provide enough for retirement income. . . . The question is, can you fix it by fixing the 401(k)s?”
Give the article a read and let's watch where this debate heads.