This Halloween, forget about monsters, witches, and Donald Trumps. Something more dangerous lurks in the night – and it’s not your usual ghoul. Since the 1980s, defined contribution 401(k) plans have been dressed up as good alternatives for retirement savings.
For more than three decades, the private sector has been pushing these risky accounts, depriving millions of Americans of a secure and dignified retirement. What’s most frightening is not only how innocuous these costumes appear, but how easily they change their disguises. And like all good disguises, they’re never telling the whole truth…