The 401(k) savings plan is “facing a midlife crisis” because it has been “ineffective at helping most American workers save for retirement,” argue Professor William Birdthistle of Chicago-Kent College of Law and Daniel Hemel, assistant professor at the University of Chicago Law School, in a Time magazine opinion piece on Nov. 2.
“That's ludicrous! It's a pathetically incorrect article,” contends Louis Harvey, president and CEO of Dalbar, a leading Boston-based financial services market research company.
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Jane Wollman Rusoff
Jane Wollman Rusoff is a ThinkAdvisor contributing editor specializing in interviews with thought leaders. She has written for ThinkAdvisor since its inception and was a contributing editor to Research magazine, a predecessor to ThinkAdvisor, starting in 1992.
Jane has received two AZBEE Awards from the American Society of Business Publication Editors. She has contributed articles to The New York Times, The Washington Post, the Los Angeles Times and Esquire, among numerous other publications.
Jane has written or co-authored five books, including three written with “Tonight” show creator Steve Allen. Jane was a staff editor with London Express Features and Billboard’s Merchandising Magazine. She has interviewed and profiled thousands of entertainment personalities, including Ray Charles, George Clooney, Angelina Jolie and Meryl Streep.
Jane is the founder of www.FamilyStarProductions.com.
