Collapse of Three-Legged Stool Threatens Retirement Security

The American College of Financial Services
October 27, 2020

Many in the financial services industry envision retirement planning as a three-legged stool, with the legs in creating and maintaining a secure plan being Social Security, 401(k) accounts, and personal savings. With the COVID-19 pandemic, plummeting interest rates, and poor economic conditions joining more gradual workplace changes, experts say the stool is shaky and in desperate need of reform.

This idea is reinforced in findings from The College’s recent look at the long-term viability of 401(k)s as a retirement savings vehicle. Read more in InvestmentNews, and check out the original post here.

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