If one starts saving early in a working career - say in their 20s - compound interest will give an individual more than $1 million in retirement funds. A couple could sock away more than $2 million in savings.
This would reduce pressure and reliance on the Social Security system and give people more of their own money. Coupled with a tax cut, the financial security of many families would be assured.
The House also voted to raise the limit of other employer-sponsored plans from $10,000 to $15,000. It's about time and it empowers more of us and less of government. Now let's see what the Senate does.