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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
As retirement approaches … money decisions become increasingly major. One big decision concerns what to do with the money in your company retirement plan.
Tags: 401, 401 K 403 B, Assets, Attractive Option, Company Retirement Plan, custodian, Direct Rollover, Financial economics, Guidance, Individual Retirement Accounts, investment custodian, Ira Rollover, IRA trustee, Lump Sum, Money Decisions, Mutual fund, Pension, People, Pete Mitchell, Pete Mitchell Inc., Plan Administrator, qualified financial advisor, Registered Investment Advisor, Retirement, retirement plan administrator, Rollover, Rollover Ira, Roth IRA, Taxes, Traditional IRA, Transfer Money, trustee
