• Was the 401(k) a Mistake?

  • May 20 2024
  • Length: 29 mins
  • Podcast
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  • Summary

  • The first generation to be fully reliant on 401(k) plans is now starting to retire. As that happens, it is becoming clear just how broken the system is.

    Michael Steinberger, a contributing writer for The New York Times Magazine, explains.

    Guest: Michael Steinberger, a contributing writer for The New York Times Magazine who writes periodically about the economy and the markets.

    Background reading:

    • How an obscure, 45-year-old tax change transformed retirement.
    • What to do when your 401(k) leaves something to be desired.

    For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
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Politics & Government
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