American’s Attitudes About Their Money

“freed” your email address is revealed only to me and I promise I won’t spam you. In this case I was hoping to email you directly so I could get the link to the CNBC piece you referenced. I Googled the info you cited and couldn’t find those stats, I wanted to understand them in the context they were cited so I could comment on them.

I do agree that the stats that almost half of U.S workers are not covered by a workplace retirement plan and that this needs to change. What I don’t get is how the rich are responsible for this. The costs of running a small company 401(k) plan can be onerous. There are a lot of small business owners who would love to offer a retirement plan but don’t because of the cost and the red tape, much of which are government imposed. There are a number of vendors who are moving in the direction of offering low cost plans so hopefully this will make a dent in that statistic.

If you really want to do something check out this link and write your elected representative expressing your support for the proposed Fiduciary Standard. http://saveourretirement.com/the-solution/ though you might have to give your real name.

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