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Farmers are more likely to have a 4020, but he’s less likely to have a 401(k),”

In sparsely populated counties dominated by farmers, ranch operators and their workers, retirement security is in dire need.  Planning for and financing the retirement years is harder in large parts of rural America where a farmer may have a 4020(John Deere tractor), but they are less likely to have a 401(k). Why? In Chris Farrell’s article “Why retirement is so challenging for rural Americans”, he reports on a panel discussion he attended during the conference held by the National Institute on Retirement Security, a think tank in Washington, D.C.  To read Mr. Farrell’s article click here…

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