Components of a 21st-century 401(k) plan

11/28/2011 | Time.com

The 401(k) plan increasingly is being asked to fill every retirement funding need, something it was never designed to do, writes financial planning expert Dan Kadlec. As more companies eliminate or scale back pensions, 401(k) strategies need to be revised, he writes. Several changes recommended by the TIAA-CREF Institute include automatic enrollment, generous employer matching, annuity options and health care savings funds with employer matches.

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