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Was the 401(k) a Mistake?
The Daily
The Result of 40 Years of Self-Directed Retirement Financing
With a record number of Americans reaching retirement age, the first generation who relied on 401ks for retirement are now facing the outcome. While this method worked well for some, it didn't for a significant number, leaving many without adequate savings. Shockingly, around half of people aged 55 to 65 have nothing saved for retirement, highlighting the stark reality of the situation.
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