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Making the Case Against the 401(k)
Manage episode 424049796 series 2836180
Professor Teresa Ghilarducci, a labor economist and retirement expert at The New School for Social Research, has been arguing for years that the 401(k), which was never intended to be the primary retirement savings vehicle for most American workers, only helps high earners and is riddled with misaligned incentives. She joins The Express to make the case for a new government sponsored retirement savings account that she says is more equitable and provides a pathway to allowing workers to not run out of money once they stop working. Plus, new record highs keep coming for the stock market, but by all accounts, this bull market is pretty tame.
LINKS FOR SHOW NOTES
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8662467
https://www.newschool.edu/nssr/faculty/teresa-ghilarducci/
https://teresaghilarducci.org/about
https://www.investopedia.com/terms/t/triplewitchinghour.asp
https://www.investopedia.com/terms/1/401kplan.asp
https://twitter.com/TimmerFidelity
Learn more about your ad choices. Visit podcastchoices.com/adchoices
208 episoder
Manage episode 424049796 series 2836180
Professor Teresa Ghilarducci, a labor economist and retirement expert at The New School for Social Research, has been arguing for years that the 401(k), which was never intended to be the primary retirement savings vehicle for most American workers, only helps high earners and is riddled with misaligned incentives. She joins The Express to make the case for a new government sponsored retirement savings account that she says is more equitable and provides a pathway to allowing workers to not run out of money once they stop working. Plus, new record highs keep coming for the stock market, but by all accounts, this bull market is pretty tame.
LINKS FOR SHOW NOTES
https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8662467
https://www.newschool.edu/nssr/faculty/teresa-ghilarducci/
https://teresaghilarducci.org/about
https://www.investopedia.com/terms/t/triplewitchinghour.asp
https://www.investopedia.com/terms/1/401kplan.asp
https://twitter.com/TimmerFidelity
Learn more about your ad choices. Visit podcastchoices.com/adchoices
208 episoder
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