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  • Cannabis, Canines And Compliance

    mcc 2013Two important concerns were brought to the chambers during public testimony at Tuesdays Mason County Commissioner meeting. While the two topics did not seem related on the surface they appeared to bring to light a mutual dilemma. Namely, a vocal… Read More +

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  • Man Scratched By Rabid Bat

    lakecrescentAuthorities say a 59-year-old Port Angeles, Washington, man who was scratched by a rabid bat at Lake Crescent in Olympic National Park is receiving preventative rabies treatment. Park spokeswoman Rainey McKenna says the man was sitting on the lake shore at… Read More +

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  • New LA Clippers Owner

    balmerSteve Ballmer has introduced himself to Los Angeles Clippers fans at a rally celebrating his new ownership of the NBA team. The former Microsoft CEO made his way through the crowd inside Staples Center, exchanging high-fives and clapping furiously as he took the stage Monday. Ballmer paid a record $2 billion for the team in a sale that was confirmed by a judge last week.

    Read More
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Top CEO Rails Against 401(k) Programs

b_250_0_16777215_00_images_obgrabber_2013-11_28cd228107.jpgiStock/Thinkstock (NEW YORK) -- More than 50 million Americans have 401(k) retirement plans. That's the good news, according to Charles Schwab Chief Executive Walter Bettinger. The bad news is that the median 401(k) balance is barely over $40,000, hardly enough to retire on. Bettinger told the National Press Club Monday that he's angry with the 401(k) system making it too expensive for Americans to save money for their golden years.

 

Not only should overall fees be lowered to make building a 401(k) plan more affordable, but Bettinger says that 401(k) programs should also go the extra mile and provide people with a money manager.

The CEO explained, "Research we've done on plans at Schwab show that employees working with an independent professional double their savings rates and set up a far superior investment allocation."

Copyright 2013 ABC News Radio

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LaceyFireDist3 - The fire in the 1500 block of Magnolia St SE is Lacey Fire's second structure fire in the past three hours. pic.twitter.com/mNisrbx4H7

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LaceyFireDist3 - Lacey firefighters with an assist from Olympia Fire extinguish a garage fire in the 1500 block of Magnolia St SE pic.twitter.com/tousI5Z8qf

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