401(k)s Aren’t Helping Americans Save Enough for Retirement. These Researchers Found 4 Major Shortcomings.

In a new research paper from the Boston College Center for Retirement Research, Andrew Biggs, Alicia Munnell, and Anqi Chen argue that there are four reasons for 401(k)s’ shortcomings—the system’s youth (the plan has been around only since the early 1980s), the lack of universal coverage, so-called leakage when participants withdraw funds early, and fees. Read more here: https://www.barrons.com/articles/401-k-s-arent-helping-americans-save-enough-for-retirement-these-researchers-found-four-major-shortcomings-51573308002?mod=bol-social-fb

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