You know, I love the concept that people haven’t saved because they’re too busy blowing their money.
Wages have been flat for 30 YEARS while costs kept going up – where were all these savings supposed to come from? What planet do these people live on?
Who the hell do they think they’re fooling with this bullshit gimmick? An Easy As Pie scheme is what it is: automatic deductions for an IRA ——that you’ll have to cash in early because, A) you lost your job, or B) you you took an early out, but still you had no choice and lost your job, or C) in either scenario you’re not yet 58 and a half, so therefore, you loose your accumulated interest, AND you have to pay the feds a high tax rate because it’s considered income.
dandy, those are all features, not bugs. They don’t expect to fool anybody. They do, however, expect to get away clean. And based on the performance of the Ds so far, those expectations are entirely rational.