Clearly, the 401(k) plan doesn't help most Americans save for retirement because “most people have nothing or very little” in their 401(k) accounts, Daniel Hemel, an assistant professor at the University of Chicago Law School, says in an interview with colleagues from our sister site, ThinkAdvisor.
Hemel contends that since 401(k)s have failed to advance broad-based retirement saving, and given the nation's rapidly aging population, there is an urgent need to rethink the plan.
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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.
