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Where the Next 401(k) Will Come From
Cypen & Cypen Link to more items from this source
[Opinion]
Mar. 12, 2010

See item #3 on the target page. Excerpt: Putnam's CEO believes reform includes two imperatives: Make 'em save. The 401(k) lobby seems to believe that all would be fine if employees would just learn the basics of investing. But clearly they are not going to. Washington and the industry should stop fooling around regarding automatic enrollment and escalation, as they are called. 'Make them mandatory.' Push annuities into the mainstream. Everyone acknowledges that the goal of retirement savings is to replace the salary you no longer receive, not 'The Number.'

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