Ron Lieber writes for the New York Times and has recently focused his attention on how 401(k) fees are structured, identified and communicated to participants.
One major issue I see is the fact that the 401(k) plan has only been around for 30 years. Plans first started emerging in the 1980’s. When we stop to think that we are just now starting to see how these plans play out from start to finish is a little unnerving. There is no doubt that the baby boomers were, and are, the 401(k) guinea pigs.
Permanent life insurance has existed for over 100 years. Many people are finally starting to realize that the proven track record and incredibly solid dividend history of the nations mutual insurance companies will outrun the ups and downs of the mutual funds found within a 401(k).