The Do-it-yourself Pension (the 401k) Is Failing Retirees
<p>401k’s became a widespread phenomenon in the early 80's.</p>
<p>Prior to these tax-advantaged retirement vehicles people were primarily relying on company pensions for their retirement <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’s do not….</p>
<p><em>…. and it’s one of the most sought-after benefits in retirement….</em></p>
<p><strong>It’s a guaranteed, lifetime income source that you can never outlive. </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>
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