By Dan Kadlec
The retirement savings crisis in America has brought us to this point: It’s a near certainty that mandatory savings accounts are in the future of anyone with a full- or part-time job.
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Catherine, I believe I heard that some of the European nations with austerity programs instituted mandatory confiscation of a portion of private savings accounts. Is this accurate, and do you think we are headed for something similar here? What would you advise as a hedge against this?