:max_bytes(150000):strip_icc()/MakingtheCaseAgainstthe401k-3571ceab27eb49d39a476d32db312926.jpg "Making the Case Against the 401(k)")
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Episode 192 of the Investopedia Express with Caleb Silver (June 17, 2024)
Johner Images / Getty Images, Marla Aufmuth / Contributor / Getty Images
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Johner Images / Getty Images, Marla Aufmuth / Contributor / Getty Images
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Professor Teresa Ghilarducci, a labor economist and retirement expert at The New School for Social Research, has been arguing for years that the 401(k), which was never intended to be the primary retirement savings vehicle for most American workers, only helps high earners and is riddled with misaligned incentives. She joins The Express to make the case for a new government-sponsored retirement savings account that she says is more equitable and provides a pathway to allowing workers to not run out of money once they stop working. Plus, new record highs keep coming for the stock market, but by all accounts, this bull market is pretty tame.
Links for Show Notes:
- https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8662467
- https://www.newschool.edu/nssr/faculty/teresa-ghilarducci/
- https://teresaghilarducci.org/about
- https://insight.factset.com/
- https://www.investopedia.com/terms/t/triplewitchinghour.asp
- https://www.investopedia.com/terms/1/401kplan.asp
- https://twitter.com/TimmerFidelity
- https://eig.org/bipartisan-pair-of-economists-propose-bold-new-wealth-building-program-for-the-bottom-50-percent-of-american-workers/
Read the original article on Investopedia.