There is a great op-ed piece in the Washington Post that discusses what the authors refer to as the "retirement problem."

In a detailed article, the authors lay-out a case for why it may not be so wise--from a public policy perspective--to leave all retirement planning decisions in the hands of individuals and the free market.

In a nutshell, the authors point out that:

• On the whole, we save too little.
• On the whole, retail investment returns lag average returns by significant margins due to fund management fees and poor investment decision making.

There are some great, detailed scenarios that illustrate these points.

Source: Washington Post

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