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May 28, 2020 | 17 min
The 401k Has Been a Complete Disaster For Americans – Here’s Why
1981 was the pivotal point in American history where we shifted from pensions to the 401k as the primary source of retirement funding. Since then we have seen the perils and downsides of a system with a flawed design and execution.
Before the 401k, we had a plan which gave people a better shot of maintaining a substantial percentage of their pre-retirement income. 4 decades later, what is the result of the 401k and its impact on the livelihoods of Americans? Sadly, not good.
What was the 401k actually designed for? How is it creating problems for employees and threatening their retirement income?
In this episode, I talk about the huge problems with the 401k design and how it will impact your financial future.
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