Obamacare Automatic Enrollment is coming for Retirement Savings

The government moved closer to creating a mandatory system of retirement saving last week, for better or worse.

President Obama has included a proposal in every annual budget that would create a system of automatic enrollment for employees into state-run retirement plans. Congress has rejected the proposals each time but it seems it won’t be able to do so for long.

Under an executive order, the Department of Labor proposed new regulations last week that would grant safe harbor status for states ...