Rethinking the Economy

Professor Teresa Ghilarducci on a major piece missing from the finance Reform Bill: reinventing the 401(k).
In a perfect world, an average worker could amass something like $400,000 in a 401(k) by retirement. After nearly three decades of 401(k) contributions, though, the average account balance for people nearing retirement age is about $60,000, far [...]

[Read more →]