“More than half of workers — roughly 55 million — don’t have access to a retirement plan on the job and 29 percent of households with members age 55 and older don’t have a nest egg or a traditional pension plan.”
Boo-Hoo! It’s not your employer’s responsibility to set up a retirement plan for you! It’s YOUR RESPONSIBILITY to save up personally for your retirement.....PERIOD!
If you don’t have the individual discipline to do so, screw you! Don’t screw your employer.
Time for self-responsibility had returned like it or not for I’m tired to having our “nanny” government take our candy away from us and putting it our to reach so that they can eat it when they want.
The dollar that I was forced to put into Social Security back in 1965 could have been worth at least $25 today. Now, that $1.00 is worth $.15 in buying power (after taxes). $.85 has been wasted by the government.
AND DON"T SCREW ME!!
The 401K is a tax shelter. If you're in the 15% tax bracket, there is not a whole lot to shelter. I would think most people in that bracket would be unable to fully fund a regular IRA or Roth IRA.
Most workers don’t want to take a second job nights & weekends and invest the money. A succinct study of what is going on can be found here: http://www.bartleby.com/17/1/36.html
What they said to pass Obungocare= no thanks