Blogs for the 'Investments' Category

Creator of the 401(k): “This Monster is Out of Control”

July 27th, 2012

In 1980, Ted Benna threaded a loophole in the U.S. tax code in order to increase the retirement savings of Americans.

We’ve come to know his financial invention as the 401(k) plan.

Since then, millions of people have saved billions of dollars into their employer sponsored 401(k)’s. But often with disastrous results. 

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