How ETFs Can Fix the 401(k) Industry-05/04/2009: "The defined contribution retirement plan as we know it could soon be going the way of the dinosaur. This leaves a gaping hole open for exchange traded funds (ETFs) to seize the opportunity and help out the future of America’s workers.
Not only have many workers suffered major losses within their 401(k) plans, many employers have ceased to contribute to their employees plans, giving the future of working America a desperate outlook. David P. Loeper for Investment News reports that even many target date mutual funds, designed to protect participants’ plan balances as they approach retirement, have lost more than 30% of their value.
In Congress, various plans are starting to go in motion. Ideas range from nationalization to complete fee disclosure to try and fix this broken system."
Tuesday, May 5, 2009
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