Flawed 401(k) Laws Putting Retirement At Risk, Expert Says

Congress needs to reform flawed 401(k) laws that could push back retirement for millions of Americans whose savings have collapsed along with the stock market, a University of Illinois elder law expert says. Law professor Richard L. Kaplan says 401(k) accounts were meant to supplement traditional defined-benefit pensions, but have evolved into the sole nest egg for the bulk of U.S. workers whose employers offer any kind of savings program.

More: continued here

Filed under: Health Insurance / Medical Insurance on October 28th, 2008