401(k) Plans Are Just A Tool To Save, They’re Not Evil

more+
less-

Years ago B.K. (before kids), I took weekly golf lessons. While it never showed on the golf course, I was developing a nice game. I took lessons with a curmudgeon golf pro named Kenny and the lessons were at a golf store. While I was salivating at the prospect of buying my own Callaway clubs, Kenny was insistent that a golf club was just a tool and it was dependent on how you use it. A golf club never makes the swing, the golfer does. So the newest Callaway and Titleist will slice pretty much the same way as a 50-year-old set of clubs if the golfer slices. While many television programs bemoan the fact that 401(k) plans are awful, the fact is that a 401(k) plan is merely a tool; it is dependent on how the plan sponsors and providers use it. So this article is a defense of 401(k) plans and how its usefulness is dependent on plan sponsors and their plan providers.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

Written by:

more+
less-

The Rosenbaum Law Firm P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×