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Do investors really know what makes the 401(k) tick?

Understanding the four gears that drive the 401(k) retirement savings engine is lesson one for all employees.

By Chris Carosa | Updated on July 03, 2013
<a href="http://www.freedigitalphotos.net">Photo credit: FreeDigitalPhotos.net</a>

Do you remember those see-through coin sorters they used to give kids? You put the coin in the slot at the top and it would roll down an incline until it came upon a hole of the right size, whereupon it would drop into its designated column. First the dimes, then the pennies, then the nickels and then the quarters. It was fun to watch. We wanted more coins just to watch the mechanism work. It became a game. It was a savings game. And it worked – at least until we filled up the columns and the coins no longer dropped.

See also: Mandatory retirement planning. Will it gain traction?

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