According the Investment Company Institute, the mutual fund trade group, the answer is a resounding yes. In a just-released survey, the ICI found that 73% of households are “confident” that their retirement accounts, both 401(k)s and IRAs, will help them reach their retirement goals.

The ICI also found that a whopping majority of Americans (90%) are fine with the current 401(k) system, while 98% like having a choice of investment options.

But there are cracks in the system. …read more