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A modest proposal on retirement

Can the retirement crisis be solved through a new, government-sponsored and non-optional social safety net, paid by further taxing the rich? Probably not.

By Andy Stonehouse | Updated on July 31, 2012

Feeling a little concerned that the average American – folks who probably aren’t your clients - has, on average, less than $10,000 in savings, retirement or otherwise? Do you suspect that the promise of a healthy and economically stable, state-funded retirement for American workers is indeed a thing of the past?

The retirement crisis in America is indeed tangible, enough so that the Senate Committee on Health, Education, Labor and Pensions has waded into the fray with its own take on the issue – and a new move that mimics retirement alternatives in other nations.

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