Blaze@reddthat.com to Personal Finance@lemmy.mlEnglish · 2 months agoWas 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-linkmessage-square5fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-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.comBlaze@reddthat.com to Personal Finance@lemmy.mlEnglish · 2 months agomessage-square5fedilink
minus-squarePowerCrazy@lemmy.mllinkfedilinkEnglisharrow-up0·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.