Money For the Rest of Us How to Fix the Retirement Savings Crisis
Oct 16, 2024
Exploring the flaws of 401(k) plans, the discussion highlights their inadequacy for retirement savings amidst market volatility. Defined benefit pension plans are contrasted with defined contribution schemes, revealing the rising challenges for lower-income workers. The conversation calls for a reformed system that enhances access and risk sharing. Listeners are encouraged to rethink retirement strategies and consider the importance of structured risk pooling, drawing comparisons to more effective systems in other countries.
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