We want to remove barriers for people to save for retirement, and automatic enrollment really addresses one of the problems that people face: They may be overwhelmed with the responsibility of saving for retirement.
I think it has left people worried. For many years, people didn't appreciate the positive aspects of defined benefit plans. Now that they might lose them, people are concerned.
Our view is the plans should be fully funded and that means 100 percent funded.
People pay a lot of attention to their Social Security statements.
This is something that our people in the field have been seeing quite a bit. More small businesses are adopting financial planning, but when they fail, there is no process in place.
Americans are living longer, healthier lives and will need more income to see them through their retirement. Making the right choices is critical to living a lifestyle of financial independence, and this booklet will help individuals realistically plan for their financial future.
It's a chance for us to stop and focus people on the need. It's a chance to discuss how to keep moving the ball forward.
It's critical that people begin to think about and plan for retirement.
I'm very excited by the breadth and number of ideas.
And that has really taken off in the market place.