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Rekenthaler Report

401(k) Reform: A Modest Proposal

While the spirit of cooperation runs high.

Costs Less, Does More
The title is irony free; no babies to be roasted in this column. I have, quite literally, a simple idea for improving 401(k) plans. (I use the term 401(k) generically, to mean any employer-sponsored defined-contribution investment plan.) 

And now would seem to be the time. Sporting the usual post-election cheer, our leaders have pledged to reach across the aisle. Easier said than done. So why not try something simple? My suggestion: Huddle on the relatively nonpartisan topic of retirement income--a subject that also happens to be of high importance to voters, who have indicated in the polls deep concern about their economic futures.