Skip to main content

View Diary: States starting to take action on retirement security (42 comments)

Comment Preferences

  •  Not Buying It (0+ / 0-)

    IRAs are held by private companies with a profit motive. No matter how regulated these accounts may be, they still involve (1) market risk and (2) skimming off the top by the private company who administrates the accounts. Instead of coming up with a private-based response to supplementing Social Security that will cost contributors money, why not just fix Social Security? No risk, no skimming . . . you get more for your money. Also, notice that unlike with Social Security, there is no employer contribution to these IRAs. I will definitely be opting out.

Subscribe or Donate to support Daily Kos.

  • Recommended (130)
  • Community (63)
  • Bernie Sanders (44)
  • Elections (36)
  • Hillary Clinton (28)
  • Culture (28)
  • 2016 (27)
  • Climate Change (27)
  • Civil Rights (23)
  • Science (23)
  • Environment (23)
  • Spam (21)
  • Law (19)
  • Labor (18)
  • Media (18)
  • Republicans (18)
  • Barack Obama (17)
  • Trans-Pacific Partnership (15)
  • White House (14)
  • International (13)
  • Click here for the mobile view of the site