Leaderboard

Wish I could! Haven't seen much material on the proposal, but it appears to be intended to serve as a step into the world of saving for retirement for people with limited ability to save, and that if it converts to an IRA once the balance gets to $15K, wouldn't it be expected that any further retirement savings would be pursued through an IRA? I am somewhat haunted by the comment made earlier "If your friend who is a business owner can attract and retain good employees without offering a 401(k), she's doing a lot of other things very well." I can remember a time when business owners actually had to strive to attract and retain good employees. I can remember a time when new college graduates could find work with greater career potential than bicycle messenger or convenience store clerk. I can also remember banks and gas stations giving away toasters and drinking glasses and other goodies to attract customers. Guess I'm showing my age!