More on the 401(k) Problem

We talked a little bit about why the 401(k) is problematic in my conversation with Helaine Olen yesterday. That conversation is also happening in other places, like at Counterparties.

By 2020, 10% of Americans over 75 will still be working, because everyone is going to be healthier and also will love their jobs more and never want to stop. JK, it’s because they won’t be able to afford to live otherwise. America!
The Huffington Post reports that one-third of the middle class expect to work through their EIGHTIES. What I want to know is, don’t they know they can just, like, make an app or come up with an idea for a sick startup? I mean, that’s my retirement plan. “DUH.”
