@fortune: The man who invented the 401(k) says his creation has taken on a life of its own. #401k #401kplan #401kplanning #tedbenna #retirement #retirementplanning #retirementplan #money #moneytok #retirementincome #retirementtok #irs #irsnews

Fortune Magazine
Fortune Magazine
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Region: US
Friday 03 May 2024 20:04:29 GMT
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rothforce
💬 :
what are the other options
2024-05-03 22:03:27
14
radxmad
mads :
This guy kinda looks like that time traveler guy
2024-05-03 23:39:05
17
allenout
allenout :
Pensions are so much better than 401ks but employers only offer 401ks.
2024-06-25 08:45:05
2
askmeaboutmymixtape
Warik :
Dang this just reminded me I had few g’s stashed in a old work account. Thanks should be a fun summer now 😎
2024-05-08 04:16:16
1
canureallybfree
canureallybfree :
They knew full well what they were doing or they wouldn’t have done it.
2024-05-04 00:32:03
1
valar1318
valar1318 :
Benefits Wall Street more than anyone else
2024-05-03 20:23:25
470
fillini13
fillini13 :
service fees are ridiculous. financial advisors use the cost of service fees on old 401k. as a selling point now. I see some with 2% annual fees which is about what annuities are.
2024-05-03 20:38:45
217
oystersandchablis
oystersandchablis :
This is what replaced pensions. Theyve been chipping away at our benefits for the better part of a century. Time to take them back
2024-05-03 23:12:21
95
6amsuccess
6amsuccess :
It’s a Wall Street fee machine
2024-05-03 20:16:55
35
nendbar
Nen :
What other options are they better off with?
2024-05-03 20:37:46
29
mikaela776
mikaela :
also your 401k is definetly invested in weapons and fossil fuels unless you're making an active effort to avoid that
2024-05-04 05:37:51
28
queerdanceparty
🌈🪩QueerDanceParty🪩🏳️‍⚧️ :
People really don’t know this, but there was a whole expose on a late night show recently
2024-05-03 23:07:54
25
blueberrycrunchies
shea :
What’s sad is it’s still better than all the other options
2024-05-08 18:42:58
21
fondajames
James F :
ive been refusing every 401k after seeing how banks/wealth managers handle them, theyre exploitative
2024-05-05 21:15:53
19
marioq89
Marioq89 :
401k is GARBAGE
2024-05-03 20:53:09
12
queenofparries
AllieCat :
Wow businesses ended up screwing over workers I'm Shocked
2024-05-03 22:42:04
8
dominicgomez2002
dominicgomez2002 :
is Roth ira better?
2024-05-04 14:01:26
6
mmowatt444
mmowatt :
He should be disturbed.
2024-05-03 22:02:37
6
ruff_rocky
Rocky :
ITS ON SIGHT
2024-05-03 23:26:16
5
sixbygeorgia
Six By Georgia :
it's free cash flow for a legit ponzy scheme.
2024-05-03 20:53:45
5
johncoulston_
Johnny 5 🌙🌝 :
100% correct which is why they taught me at least that the minimum investment for any stock should be 10,000 dollars an that was 28years ago!
2024-05-04 06:42:00
4
jdzx10
Dan C :
Is failure
2024-05-03 20:07:04
4
chilloldguy100
ChillOldGuy100 :
Roth is way, way better 👍
2024-05-27 12:46:25
2
pettyguggenheim
Petty Guggenheim :
Can’t afford to pay into mine
2024-05-08 16:00:39
2
miguelligence
miguelligence :
Oppenheimer of finance
2024-05-04 19:48:45
2
user774514250
Pinky :
You could say that about literally everything now.
2024-05-04 17:30:16
2
pdxwhinemom
pdxwhinemom :
I tremble. The fees are going to eat me alive.
2024-05-04 08:07:56
2
patti_letsdothis
Doggy-Slippers🐶🐾 :
Interesting, what do you recommend instead?
2024-05-04 01:06:51
2
johnviscedo
John Viscedo :
Little Hat Mafia strikes again
2024-05-08 15:24:41
1
realkyson007
Kai :
I think my fees are around 0.2% I don’t really think that’s crazy 😂
2024-05-08 14:47:39
1
hurricane_jane
hurricane_jane :
Ya thanks, Ted.
2024-05-07 23:03:35
1
3bats.3bats.3bats
3BATS :
No it’s not
2024-05-05 20:08:06
1
surprisedumpling
surprisedumpling :
The inventor of the labradoodle was also disturbed by what he created 😂
2024-05-04 01:01:26
1
kylezir
Big Boy KJ :
I’d be too :)
2024-05-03 23:24:56
1
crazyjessismad
crazyjess :
🥰🥰🥰
2024-05-03 20:28:56
1
work.with.candy
Work with Candy :
Bunch of baloney
2024-07-10 23:22:51
0
deepindasand
SNDX :
Wait what the dude is alive?
2024-06-25 22:39:47
0
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