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In defense of 401(k) plans
Andrew Biggs, Forbes contributor and resident scholar at the American Enterprise Institute, provides an analysis of the manner in which the availability of deferred compensation plans like 401(k) plans play a key role retirement financing. Biggs’ article is in answer to an article published by Bloomberg personal finance writer Ben Steverman presenting a theory that 401(k) plans may be detrimental to indivudual savings initiatives. Read Biggs’ article here, and Steverman’s article here.
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