I joined American Public Media's Marketplace in a segment titled, "The 401(k) System Doesn't Work." I discuss how our current, individual-based voluntary system for retirement doesn't work because it expects individuals to know when when they will lose their job, get sick, get divorced, lose a spouse and eventually die. The coming retirement income security crisis was not caused by a set of isolated individual behaviors; the system was simply never realistic. The solution to the problem lies in government-mandated, guaranteed retirement accounts on top of Social Security. See the Guaranteed Retirement Accounts (GRA) plan for more information.