I like the idea of states enacting mandated employer State IRA programs, I just don’t like State Employer Mandated IRAs. It doesn’t make sense or does it.
I like the idea of states requiring employers to provide retirement plan coverage to their employees and I believe that it will only spur employers to forsake the use of a mandated IRA for a 401(k) plan that will provide more benefits for employees and get the hands of the state out of employees’ retirement savings.