Straight Story: Insuring retirement
Economics editor Chris Farrell sets the story straight on why the 401(k) system has failed us and how we can go about building something better.
Economics editor Chris Farrell (American Public Media)
More on Investing, Retirement - Saving, Straight Story
Comments
Comment | Refresh
From Omaha, 11/24/2008
Back in the olden days, about 15-20 years ago, when 401(k) plans were being touted as the thinking person's way to build an additional nestegg for retirement, someone forgot to tell all of us that it's GAMBLING. Maybe we should have known better, but with DB pensions being sliced, diced and frozen, those of us who knew we probably couldn't make it on Social Security alone looked to the 401(k) solution as a God-send. I should have just gone to Vegas. Even with those odds, I'd probably be ahead of where I am now.
Post a Comment: Please be civil, brief and relevant.
Email addresses are never displayed, but they are required to confirm your comments. All comments are moderated. Marketplace reserves the right to edit any comments on this site and to read them on the air if they are extra-interesting. Please read the Comment Guidelines before posting.
You must be 13 or over to submit information to American Public Media. The information entered into this form will not be used to send unsolicited email and will not be sold to a third party. For more information see Terms and Conditions and Privacy Policy.