The movement to overhaul the faulty 401(k)-based retirement system is gaining some strange bedfellows.
When the retirement group AARP issues a joint statement with the pro-business group U.S. Chamber of Commerce, I suppose we shouldn’t be alarmed. But we should pay real close attention to the message.
The two groups called on an somnambulist Congress to come up with new solutions to retirement security. Since the august body hasn’t done much of anything over the past two years, that’s quite a challenge. Washington can’t come up with a consensus on how to pay its bills, much less help Americans save for the future. That cynical note aside, here’s some cause for optimism in the joint proposal.
Read the full article at Forbes.