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In fall 2009, TIME Magazine raised eyebrows with a cover article called “Why It’s Time to Retire the 401(k)”. Author Stephen Gandel, the magazine’s senior economic writer, argued that 401(k)s, 403(b)s and IRAs had proven themselves “a lousy idea, a financial flop.”
Tags: Author Stephen, Cover Article, Employment, Employment compensation, ERISA Industry Committee, Eyebrows, federal government, financial advisors, Financial services, Gaining Momentum, Gandel, Iras, Labor, Life Security, Lousy Idea, Market Downturn, New York City, New York Times, New York Times Editorial, Pension, Personal finance, Pete Mitchell, Plan Administrators, Professional Asset Managers, Radical Move, Record Keepers, Retirement, retirement insurance, Retirement Plan, retirement plan administrator, Retirement Savings, Social Security, Stephen Gandel, Teresa Ghilarducci, The New School, TIME Magazine
