Government Takes Another Run at Fixing the Retirement System — But is it Broken?

A proposal by Sen. Tom Harkin (D-IA) to address what he calls the “retirement crisis” would shore up Social Security and also create a new retirement fund run by the government but funded privately. What appears to be a government-sponsored IRA intended to provide pension like lifetime income benefits called “Universal, Secure and Adaptable (USA) Retirement Funds” seems to be another attempt to fix the DC system by creating another one. Read more