Editor's note: This is an updated version of an earlier story.
Just as the Treasury Department stepped up its support of President Obama's MyRA program with new tools employers can use to encourage enrollment, one Virginia-based fee-only advisory made a bold claim against the government's efforts to expand workplace savings plans.
"If private sector plan sponsors offered this plan to their participants, they would be called crazy," claimed David Marotta, president of Marotta Wealth Management, and Megan Russell, the firm's chief operating officer, in an opinion piece they authored last month
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
