This whole program is unnecessary since anyone can have an IRA or ROTH IRA account.  The contribution limit is high enough ($5,000 under 55 and $6500 over) that most people won't max out the contribution.  So for any person who is employed but their employer doesn't have a plan,  opening an IRA that you have total control over is the way to go.  People have known about IRA's for 30 years but many are just too lazy to open one or undisciplined enough to make contributions.  I guess this is a way of compelling compliance with a retirement concept that is currently in favor but I don't like that the state is mandating what you do with your money.

Labels: moderation: safe