You can put the money in stocks. You can put the money in government bonds. You can put the money in a lifecycle fund.

I'll wait for progree to say more.

and the employer matching are pretty awesome.

The age is 72 now since it was last raised in 2019. The proposed change would make the first year for required minimum distributions age 73 for anyone who turns 72 after 12/31/2023 and before 1/1/2030. The age would eventually go up to 75 down the road. That is in both the House and Senate versions so it will likely pass.

A pretty sad retirement system.

These few changes may help a few people. We need to go back to defined pension plans and not allow corporations to raid those funds when they merge and buyout each other.

This sounds like something that "fiscal conservatives," the assholes responsible for allowing Reagan to scrap the progressive income tax screwing up the banking system so it favors only the richest came up with.

There's already a 15% contribution, it's called OASDI. The problem that it already duts into wages that are below subsistence. Does Congress know what those words mean? They mean you can't afford a place to live and food to eat. It means our hard work doesn't allow us the pay on which to live. It means a slowly starving, ill population of working people. It means disaster.

How dare workers who already don't have enough to eat not save for their retirement?

This whole idea is insulting, a pipe dream of upper middle class types who don't know what it's like to skip meals to make the rent.
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Any retirement plan that enforces savings in addition to OASDI needs to start with raising the minimum wage to a living level, otherwise it's just more mealy mouthed feel good crap for the upper middle class who want their kids to spend less on cosmetics and new phones and think about their distant future.

Nothing but raising wages at the bottom is going to work. Period.

The Apartheid Ape, as you know, pays the same payroll tax, as many of his engineers working 60+ hours a week.

Our Payroll Tax is like Thatcher's Poll Tax: the same 400 pounds or so, no matter if you were a 'City Slicker' (a London money launderer), or his janitor.

It did not end well for the Maggot.