Why It’s Time to Retire the 401(k) ~ Part 3
March 8, 2010 by davehageman
Filed under Financial Times, Investment Solutions, Self Directed IRA's
Where 401(k)s Go Wrong
In theory, 401(k)s should provide much more of a retirement cushion than they do. A 2007 study from the National Bureau of Economic Research (NBER) estimated that, on the basis of historical returns, by 2040 the average 401(k) of a near retiree would grow to an inflation-adjusted $451,944. That money, spread over [...]
