3min chapter

Catching Up to FI cover image

Why Does the Stock Market Always Go Up? | Brian Feroldi | 088

Catching Up to FI

CHAPTER

The Accidental Creation of the 401k: A Loophole Story

This chapter explores the unexpected origins of the 401k retirement plan, tracing its roots back to a 1978 tax code loophole. It highlights the pivotal role of an attorney in its development and examines how 401k accounts became a primary retirement savings tool for Americans.

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