Money For the Rest of Us

How to Fix the Retirement Savings Crisis

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Why 401k and other defined contribution schemes are flawed, leading to a generation of workers unprepared for retirement. What are the solutions to fix the mess.

Topics

• Why 401k and other defined contributions haven’t worked, despite their popularity
• Why defined benefit pension plans declined
• Why 401k plans are treated like emergency funds
• How to combine the best of 401k and defined benefit pension plans

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Show Notes

The Shift that Redefined Retirement Security by Shashwat Vidhu Sher—SSRN

Was the 401(k) a Mistake? by Michael Steinberger—The New York Times Magazine

Who Has Retirement Accounts? New Data Reveal Inequality in Retirement Account Ownership by Maria G. Hoffman, Mark A. Klee and Briana Sullivan—United States Census Bureau

U.S. Retirement Assets: Data in Brief—Congressional Research Service

Where do my CPP contributions go?—CPP Investments

Related Episodes

460: Should You Be Invested 100% in Stocks Before and During Retirement? A Recent Study Says Yes. 

441: What If Social Security Had Been Privatized?

279: Why All Retirees Should Consider an Income Annuity

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