The Man Who Invented the 401(k) Says It's Broken— and He's Got a New Plan
401(k) creator Ted Benna says lower-income workers need a new retirement savings model with his Radish initiative.
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Why It Matters
The person who created the 401(k) retirement plan says it doesn't work well for people who earn less money, and he wants to try a new way to help them save. This shows people are thinking hard about how to make retirement savings fairer and easier for everyone.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.