Older Workers Losing Faith in 401(k)s

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If Internal Revenue Code Section 401(k) had ever been envisioned as the defacto national "pension" plan, it would have had a name in the legislation. Note, it still doesn't. The fact of the matter is, many folks are going to be very poor in old age except for Social Security---which they had better protect politically.

Muser of NM 10:15PM November 08, 2010

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