Why do people who know better attack the 401(k)? Strike that. It's OK to question aspects of the 401(k) concept – after all, nothing is perfect – but to demonize a vehicle that has helped so many people? What's up with that?
And to suggest a return to the retirement plan Stone Age? That's just crying out that you've got an agenda that, no matter how you try to convince yourself, simply isn't in the best interests of retirement savers.
It's clear from those on the front lines that the policy wonks and political progressives marching on the venerable 401(k) with their pitchforks and torches don't reside in the same reality as those who practice the profession today (see "Industry Veterans Answer: Shall We Praise the 401k or Bury It?" FiducairyNews.com, January 24, 2017).
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
