Follow Us

Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Employment Law Law Firm Financials Law Firm Management Law Firm Partners

Commentary: America’s Modern ‘Throwaway’: 401(K) Retirement Savings

While 401(k) cashout leakage may not stink in our streets, its economic effects are deplorable. Each year, this slow-motion train wreck robs millions of Americans of their retirement security and converts their retirement savings into wasted consumption and avoidable tax penalties.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Following World War II, America saw the rise of a “throwaway” society — consuming, squandering and discarding vast quantities of national resources. Gradually, an awakening occurred as we realized that conservation was a more-sustainable path. Recycling models emerged, and once fully-adopted, they became deeply-ingrained in our psyches and formed a pillar of corporate social responsibility.

To continue reading,
become a free ALM digital reader

Benefits include:

*May exclude premium content

Read These Next