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View Diary: States starting to take action on retirement security (42 comments)

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  •  Let's not get carried away ... (0+ / 0-)

    From the diary, it sounds like California is just making something already optional (contributing to and IRA) into an opt-out, instead of an opt-in.  It has been shown that more people will save the 3% if it's the default option - but it's more of a tweak than a significant accomplishment.  It's also a lot of work for a small company where the owner does the payroll.  Seems like there should be a better way to tweak.

    Re: Oregon - maybe they can come up with something worthwhile - but - there are so many state and local governments that have unfunded pensions - and so many states where business will find a way to over-fee any management of money, that we're probably better off if the states don't get involved.

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