The Do-it-yourself Pension (the 401k) Is Failing Retirees

<p>401k&rsquo;s became a widespread phenomenon in the early 80&#39;s.</p> <p>Prior to these tax-advantaged retirement vehicles people were primarily relying on company pensions for their retirement&nbsp;<em>(which were great).</em></p> <p>However, 401k plans became much more popular with employers because they were cheaper and much more predictable to manage than pensions.</p> <p>But pensions offer one thing that 401k&rsquo;s do not&hellip;.</p> <p><em>&hellip;. and it&rsquo;s one of the most sought-after benefits in retirement&hellip;.</em></p> <p><strong>It&rsquo;s a guaranteed, lifetime income source that you can never outlive.&nbsp;</strong></p> <p><a href="https://matthewrharris.medium.com/the-do-it-yourself-pension-the-401k-is-failing-retirees-279cd05721ed"><strong>Website</strong></a></p> <p>&nbsp;</p>