I'm not sure that too many Americans would choose the president to manage their retirement accounts.
Sentiment: NEGATIVE
Americans used to be able to depend on their jobs to provide a stable retirement.
Americans are not saving enough for retirement.
Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits.
Saving enough to retire has become impossible for most Americans.
I have to think about the possible ramifications of an early retirement.
Social Security is the only thing most Americans can count on to keep them out of poverty during retirement.
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
I would not vote to raise the retirement age to 70 because there are just too many Americans that work hard all their lives and just simply physically couldn't work until they are 70.
It has long been said the only things in life that are certain are death and taxes. Automatic enrollment for insurance of 401k loans would add an additional certainty. Fewer Americans would suffer the unnecessary loss of retirement savings due to unanticipated and untimely misfortune in an already stressful time of need.
Our government makes the simple promise of a secure retirement to every American who works for many years and contributes to our retirement benefit system.