401(k) Plan Shortcomings Failing As Retirement Income Program
The current “retirement plan” of choice – 401(k) plans – really aren’t true retirement income plans. While they can be great for accumulating savings, most 401(k) plans don’t do much to help older workers decide if they have enough money to retire, or how to convert their hard-earned savings into a retirement paycheck.
Hopkins, Jamie Patrick and Vernon, Steve, "401(k) Plan Shortcomings Failing As Retirement Income Program" (2016). Faculty Publications. 603.