Legislators are taking steps to deal with the "retirement crisis". More than 200 Democrats in the House are sponsoring a bill to extend social security benefits, funded by a dramatic increase in taxes. California, Connecticut, Illinois, and Oregon have state-run pension plans for private sector workers. Some progressives hope they will supplant the 401 (k).
But there is no retirement crisis for retirees today or tomorrow. Eight in ten retirees tell Gallup that they have enough money to "live comfortably", and six …