The 401(k) needs to eat its Wheaties. With the health of Social Security in question and the defined-benefit pension plan fading fast, today’s 401(k) plans are shouldering more of America’s retirement burden than they were ever designed to bear.
Problem is, the difference between a good 401(k) plan and a bad one could mean the difference between living the good life in retirement and never retiring at all. High fees, poor investment choices and the absence of company matching money can shave years off of your nest egg.
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