Word: certner
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...Says David Certner, chief lobbyist for the American Association for Retired Persons: "In 401(k) plans, we are asking people to take the risk and responsibility for investing, yet we set up this system where we are violating the first basic rule of investing: diversification." Where company stock is a savings option, employees invest almost a third of their assets...
...plan sounds controversial, it is--at least to older workers, who stand to lose the most. Says David Certner, senior coordinator for economic issues at AARP: "Just when you're about to get to the most valuable part of a plan, it's not there anymore. It takes away an incentive for older workers to stay...
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