DISQUS

I have some real issues with employers automatically signing up employees for the company's administered 401K plans. 401K is based on the stock market. And, frankly, that just doesn't sit very well with me. I don't like losing money, and frankly, just don't gamble. So, I live more cheaply and economically. Employers these days, especially in corporate America, don't, as you say, want to be responsible for someone's retirement (like it used to be in the past with good employers who provided defined benefit contributions). Instead, they need to pay their CEOs $50 billion a year. For those reasons, I opt out of these automatic enrollment plans, and demand that the employer opt me out. No employer is going to tell me where and how I am to invest my money, just like no stock broker is going to call me and tell me where I should invest $5000, only to lose $2500 of it within three months. If I am going to lose money, it will be at my hand and no one else's.