“What the World’s Biggest Asset Manager Recommends to Boost Retirement Savings,” by Bernice Napach, ThinkAdvisor

“BlackRock, the world’s largest asset manager, wants the federal government to make it easier for employees to participate in defined contribution retirement plans and for employers to offer those plans. In both cases many don’t. According to the latest available stats from the Labor Department (from March 2017), 59% of U.S. employees have access to DC plans but only 40% participate in those plans. … BlackRock offers multiple recommendations to help increase the availability of DC funds and participation by employees — ‘bipartisan ideas that can transform the current landscape’ — centered around three categories:”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Worth a read as something has to be done.

What the World’s Biggest Asset Manager Recommends to Boost Retirement Savings

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#goldencareagent