401(k) Plan Shortcomings Failing As Retirement Income Program

Publication Year:
2016
Usage 5
Abstract Views 5
Repository URL:
https://digitalcommons.theamericancollege.edu/faculty/603
Author(s):
Hopkins, Jamie Patrick; Vernon, Steve
Tags:
401k; retirement; retirement income; retirement income planning; financial planning; Finance and Financial Management
article description
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.