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10 Things 401(k) Plans Won’t Tell You

Sunday, November 11, 2012 - 5:14 AM
From MarketWatch
When 401(k)s were first introduced in the late 1970s, most workers still had “defined benefit” pensions — retirement plans where employers made all the decisions about what to invest where. Back then, 401(k)s were intended as mere supplements to those plans

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As the article describes, most companies have ended their defined contribution plans in favor of 401(k)s "where the financial burden is placed squarely on the employee".
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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1. Sunday, November 11, 2012 - 6:33 PM
Making suckers out of the middle-class was the object of the game.
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