Kent Conrad: “There is a societal cost that is sort of hidden, isn't there?”

The consequence of failure has to be made clear.

If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.

I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.

You know, we met with a Congressman on the Ways and Means Committee this morning, and we were on a subject related to this. You really see it with our elderly people who do not have options or options are closing in on them.