Comments on: We Need Opt-Out Retirement Plans

By: James Bond DVD

James Bond DVD — Mon, 31 May 2010 06:54:51 +0000

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By: Kosmo @ The Casual Observer

Kosmo @ The Casual Observer — Wed, 14 Apr 2010 15:29:55 +0000

“If high-calorie foods turned our skin purple for the hour after we ate them, we probably wouldn’t have an obesity problem.”

Or we’d eat them at night, in the privacy of our own home.

That’s what I’d do, anyway
.-= Kosmo @ The Casual Observer´s last blog ..The Best iPhone Apps =-.

By: calshana

calshana — Tue, 13 Apr 2010 03:23:31 +0000

Most mid-large size employers already have an “opt out” 401k plan. It’s become fairly common in the last 5-7 years. It’s called auto enrollment and is generally paired with an auto escalation feature where an employee’s contribution is increased once a year by 1% up to a maximum determined by the plan/employer. (5% seems to be the normal max)

It’s definitely out there and becoming more and more common!

By: Pop

Pop — Mon, 12 Apr 2010 15:59:47 +0000

Great post. The problems with saving for retirement, working out, and eating healthy are that their incentives (retiring on time and being healthy) seem far off and abstract. If high-calorie foods turned our skin purple for the hour after we ate them, we probably wouldn't have an obesity problem. Likewise, if we could be sent to debtors' prison today for not saving for our retirement 20 years from now, we'd probably all have millions saved. That, or I guess you could make the incentive extreme. (i.e. If you weigh over 175 pounds on April 13th, 2022 you will be executed.) We might get people to plan ahead even though the deadline is far off that way. Anyway, good stuff to think about. .-= Pop´s last blog ..Why do we work so much? =-.