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Was the 401(k) a Mistake?

Was the 401(k) a Mistake?

The Daily vor 2 Jahren

0:00

29:13

The first generation to be fully reliant on 401(k) plans is
now starting to retire. As that happens, it is becoming clear
just how broken the system is.

Michael Steinberger, a contributing writer for The New York Times
Magazine, explains.

Guest: Michael Steinberger, a contributing writer for The New
York Times Magazine who writes periodically about the economy and
the markets.

Background reading:

How an obscure, 45-year-old tax change transformed
retirement.

What to do when your 401(k) leaves something to be desired.

For more information on today’s episode, visit
nytimes.com/thedaily. Transcripts of each episode will be made
available by the next workday.