Reply #11: Well, if your employer matches some part of your contribution it's a

[flamin lib]

great deal. But only 38% of employees currently have 401k accounts and only a very small fraction of them have any matching contribution. Almost all 401k holders are at or near $100k or more.

The goal of any change in retirement planning should be to increase the number or people with real livable retirement income without breaking the government's bank. If implemented as-read this plan would do that. There are still issues to work out, like how to get the lowest income earners into the plan without making them homeless, how to handle the tax implications of contributions and payments as well as anything else that comes up in debate.

Like I said, it's just research at this point.