Monday, November 28, 2005
New and Improved
There are lots of new twists in today's 401(k). From automatic enrollment to professionally managed accounts, employers are adding an array of new tools that try to make retirement investing as simple as possible.
The increasing use of 401(k)s since their introduction roughly 20 years ago has put more of the responsibility for retirement saving and planning in the hands of employees. Trouble is, employees often lack the skills to manage these increasingly complicated accounts. Indeed, an average 25% of workers with access to a 401(k) plan don't even participate.
New and Improved
Source: Wall Street Journal (subscription required)
The increasing use of 401(k)s since their introduction roughly 20 years ago has put more of the responsibility for retirement saving and planning in the hands of employees. Trouble is, employees often lack the skills to manage these increasingly complicated accounts. Indeed, an average 25% of workers with access to a 401(k) plan don't even participate.
New and Improved
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 8:27 AM 
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