by Laura Conaway

Listener Chris, of KQED land, recommends circling back for this New York Times Magazine piece on a proposal for Guaranteed Retirement Accounts. The article begins:

This fall, millions of Americans got a nasty shock when they opened up the reports for their individual retirement accounts and 401(k) plans. With double-digit returns a thing of the past, there's an understandable nostalgia for the modest but predictable defined-benefit pensions an earlier generation of workers relied on in retirement. Now there's a proposal that revives the idea but makes it a universal, government-sponsored program.

Bonus from Wilbur: Should the 401(k) be killed?