Making the Case Against the 401(k)

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Episode 192 of nan Investopedia Express pinch Caleb Silver (June 17, 2024)

Johner Images / Getty Images, Marla Aufmuth / Contributor / Getty Images

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Professor Teresa Ghilarducci, a labour economist and status master astatine The New School for Social Research, has been arguing for years that nan 401(k), which was ne'er intended to beryllium nan superior status savings conveyance for astir American workers, only helps precocious earners and is riddled pinch misaligned incentives. She joins The Express to make nan lawsuit for a caller government-sponsored status savings relationship that she says is much equitable and provides a pathway to allowing workers to not tally retired of money erstwhile they extremity working. Plus, caller grounds highs support coming for nan banal market, but by each accounts, this bull marketplace is beautiful tame.

Links for Show Notes:

  • https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8662467
  • https://www.newschool.edu/nssr/faculty/teresa-ghilarducci/
  • https://teresaghilarducci.org/about
  • https://insight.factset.com/
  • https://www.investopedia.com/terms/t/triplewitchinghour.asp
  • https://www.investopedia.com/terms/1/401kplan.asp
  • https://twitter.com/TimmerFidelity
  • https://eig.org/bipartisan-pair-of-economists-propose-bold-new-wealth-building-program-for-the-bottom-50-percent-of-american-workers/
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