The first generation to be fully reliant on 401(k) plans is now starting to retire. As that happens, it is becoming clear just how broken the system is.
Michael Steinberger, a contributing writer for The New York Times Magazine, explains.
Guest: Michael Steinberger, a contributing writer for The New York Times Magazine who writes periodically about the economy and the markets.
Background reading:
• How an obscure, 45-year-old tax change transformed retirement (www.nytimes.com/2024/05/08/ma...) .
• What to do when your 401(k) leaves something to be desired (www.nytimes.com/2024/04/19/bu...) .
For more information on today’s episode, visit nytimes.com/thedaily (nytimes.com/thedaily?smid=pc-t...) . Transcripts of each episode will be made available by the next workday.
19 май 2024