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[Opinion]

6/7/2012: Why the 401(k) Has Been a Flop (The Huffington Post)
"[Even if] stocks do rebound, the truth is that most 401(k) holders will never accumulate enough money in these accounts for a secure retirement. Few workers and their employers contribute at the level needed to build up a serious nest egg, and the median balance in a 401(k) for people approaching 65 is under $100,000, according to a recent study ... Experts on retirement forecast that millions of middle class baby boomers will fall into poverty, or near poverty, in old age ... Why has the 401(k) been such a flop? Five reasons stand out."
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