Source: News Formal (newsformal.com)
I can't agree with this. My first job was the one at which I had longest tenure. One of my retirement funds there is a 5-star whose YTD return has been in the double digits. I wouldn't want those funds to be automatically transferred to my next employer's funds.
Only if it’s optional. I prefer my pension transferred to financial advisor for IRA management, not new employer.
terrible idea! I want to roll into my ira!
Band aid that will have very small impact but nothing inherently wrong with it and a tiny step toward the right direction.
Libertarian Paternalism is again on its way!
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