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Could the myRA Be the Beginning of the End of the 401(k)?
Michael Kitces in Nerd's Eye View Link to more items from this source
May 21, 2014
"[U]nlike a pension plan that was paid in addition to an employee's salary, the defined contribution plan often amounts to little more than an employee saving his/her own money in the first place, perhaps plus a moderate match that is losing its purpose as a behavior incentive when more and more plans include automatic enrollment and automatic escalation of contributions in future years.... [If] employers simply paid a greater salary (with a raise equivalent to what the match would have been) and let employees choose whether to save, is there really any need for a 401(k) plan at all? And with the MyRA coming soon ... could we be witnessing the beginning of the end of the 401(k) plan altogether?"

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