Was the 401(k) a Mistake? How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold.www.nytimes.comexternal-linkcross-posted to: nyt_gift_articles@sopuli.xyz Blaze ( @Blaze@reddthat.com ) Personal Finance@lemmy.mlEnglish • 2 months ago message-square30fedilinkarrow-up147
arrow-up147external-linkWas the 401(k) a Mistake? How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold.www.nytimes.com Blaze ( @Blaze@reddthat.com ) Personal Finance@lemmy.mlEnglish • 2 months ago message-square30fedilinkcross-posted to: nyt_gift_articles@sopuli.xyz
minus-square PowerCrazy ( @PowerCrazy@lemmy.ml ) linkfedilinkEnglish18•edit-22 months ago401ks weren’t a “mistake” they were designed to give wallstreet traders more money and for that task they have succeeded extremely well. e: To the tune of $7trillion according to the article.
401ks weren’t a “mistake” they were designed to give wallstreet traders more money and for that task they have succeeded extremely well.
e: To the tune of $7trillion according to the article.