moonlog

Fresh Air talks (40-minute audio) with economist Teresa Ghilarduccihow about retirement funds, and of special interest is the history of the 401(k) plan, which “snuck under the radar” to become a business-friendly replacement for pensions. Much like in healthcare (a la health savings accounts), it’s the micro benefits for a few individuals versus the macro implications for the rest. I’m adjusting my 401(k) as we speak so as to be marginally more amongst those few.