A look at 401(k) as the retirement plan celebrates 40 years
It’s been 40 years since Ted Benna, then a 36-year-old U.S.-based benefits consultant, noticed a new Internal Revenue Service section that had potential implications for cash-deferred savings plans. The section, 401(k), meant that employees in these plans would have to leave their money in them until just shy of their 60th birthday if they wanted to […]
- November 28, 2018 September 13, 2019
- 09:00