401(k)s have a ‘portability failure,’ and that’s a problem for employees
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The 401(k) system, introduced in 1978, is showing its age and grappling with significant challenges. Currently, only about 50% of workers have access to these plans through their employers, and the system wasn’t built to accommodate today’s increasingly…