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No. of Recommendations: 1
For a few years now, people have been tinkering with ways to get more 401k participation. Nothing seems to have helped. It shouldn't surprise anyone that if companies are eliminating pensions and individuals aren't picking up the slack, the government is going to try and do something. Nobody with any sense like the prospect of a lot of old people out on the street in a few years.

The one proven effective method is to make it opt-out and to have everyone eligible immediately. Most people just go with the flow and don't bother to opt-out. They never miss what wasn't in their paycheck to start with. Only a few figure out that they could get more money to spend right away and change that.

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