Our daily roundup of retirement news your clients may be thinking about.

Why we need a new type of 401(k) Many Americans are facing bleak retirement prospects as a result of the current do-it-yourself retirement system, writes an expert on MarketWatch. To address this problem, the federal government should revamp the system by providing a guaranteed retirement account to workers, the expert says. "The Guaranteed Retirement Plan would redesign the American retirement system by pooling investments, lowering fees, reducing risk and — best of all — raising returns on the $14.2 trillion in 401(k)s and IRA assets," the author writes.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access