No. of Recommendations: 1
Not sure if this is the best board to post this, but oh well...

I seem to recall RSAs were touted as part of on of the Bush Tax cuts, but were later scrapped. It appears they are resurfacing. On the surface, these are fantastic savings vehicles. You can save 15K/year in after tax money that grows tax free. What's not to like about that??

Ah...the downside - Americans on average are not responsible enough to save. Some employers would likely do away with managing 401k plans and shift the investment responsiblity to their employees.

Personally, I don't have a whole lot of faith in the average American when it comes to managing his or her investment options. I would love to see RSAs become a reality, but I suspect it will be an uphill battle to connvince people that this is a better way to save for retirement.

Interested to know what others think.
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