STEPHEN CRANSTON: No guillotine this time
The state should prevent citizens from squandering their retirement savings
18 February 2021 - 05:00
The state sometimes has the duty to stop citizens from making bad decisions. It forces them to drive with their seat belts on — and it should also prevent them from squandering their retirement savings.
Such a restriction is a common thread in the UK and Australian retirement system as well as in the US’s 401(k) defined contribution plans...
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