Reports out of Washington point to a disturbing fascination with altering the nation's successful private retirement system as a way to make up our nation's less than successful public spending system.
Last month, the Senate Finance Committee heard testimony from several "experts" regarding the concept of amending our current corporate and individual retirement account laws to help offset some of the country's deficit.
Oddly, we haven't heard a peep from AARP on this. Aren't they the ones who traditionally complain about any talk to fix our broken Social Security system? Why aren't they spewing forth the same venom when Congress points its pork-barrel vacuum cleaner at those retirement plans people have the most control over?
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
