Faculty Publications

Title

401(k) Plan Shortcomings Failing As Retirement Income Program

Document Type

Article

Publication Date

10-6-2016

Abstract

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.