Recovering from a Wild Ride: How to Plot a Less Precipitous Path for Retirement Plans
December 15, 2009
In a recent article in Perspectives, Sibson Consulting retirement experts Stewart D. Lawrence and Robert McAree examine the future of the 401(k) plan and propose that: "What is needed now is a new form of §401(k) plan that preserves the best aspects of today's plans but performs more like a DB plan in that it significantly reduces risk and lets employees know (rather than guess) what kind of income they can expect in retirement. In short, §401(k) plans need to be transformed from capital accumulation vehicles into bona-fide retirement programs."
http://www.sibson.com/publications/perspectives/Volume_17_Issue_3/wild-ride.html