The traditional 401(k) plan was first introduced back in 1978. Does it still meet the needs of the modern workforce? In this week’s episode of Decoding Retirement, Robert Powell sits down with Laurie Rowley, Icon Savings Plan Founder and CEO, to discuss whether or not the current workplace retirement benefits system is still working for the modern workforce.
There are many drawbacks to the current 401(k) system. Rowley discusses why the traditional 401(k) plan is no longer working for American workers, portability issues, and how the government can help get employers and individuals get flexibility and optionality in their retirement plans.
Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead and take action now! Yahoo Finance’s Decoding Retirement is hosted by Robert Powell and produced by Austin Rivera.
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