How 401(k) Plans Work And Why They Killed Pensions

Since 1980, pensions plans have been phased out in favor of 401(k) plans. They now represent nearly one-fifth of the U.S. retirement market. So how did 401(k) plans become such a popular form of retirement savings and how should they be used? Watch the video to find out.

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How 401(k) Plans Work And Why They Killed Pensions