Headline: The Real Reason the Investor Class Hates Pensions
Publication: New York Times
Article Date: Mar 5, 2018
This Op-ed points out the inadequacies of the 401(k) as a savings vehicle for millions of Americans not in the “1 percent.” Himself a 401(k) investor, the author admits the passive nature of the 401(k) investor and how “We let ourselves be charged high fees that we do not understand, we accept poor returns quarter after quarter, we never sue to enforce our rights, we never vote as shareholders and we never tell our investment managers how we think they ought to vote.” He then goes on to fact check those who would like to see defined benefit pension plans turned into 401(k)s. Read Op-ed…