Then-President Jimmy Carter signed a law in 1978 that changed retirement forever by introducing the 401(k), but one expert believes the benefit is “just now reaching full maturity.”
“We’re just now starting to see large numbers of people who may have been covered by a 401(k) over their entire working life,” says Dave Richardson, the head of the TIAA Institute, the research arm of one of the country’s leading providers of retirement plans.
The 401(k) has become ubiquitous with an…
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