Do You Have The Best Personality Or Enough Income For A Retirement Account?
"Fixing" a broken system isn't the answer
Put yourself in a company such as Fidelity’s shoes. Or any big firm with its teeth firmly sunk into traditional retirement.
What do you expect them to do? Suggest that a 401(k) or IRA might not be the best option after all for every single person on the planet.
Of course not.
Even though it’s evident … that a 401(k) or IRA might not be the best option after all for every single person on the planet.
Fidelity’s own data clearly shows that traditional retirement plans just don’t work for large numbers of people. And Fidelity’s solution to the problem it helped create sort of sucks.
In today’s Living The Semi-Retired Life newsletter post, we—
Review the pretty sad data on one aspect of workplace retirement plans.
Look at Fidelity’s feeble “response.”
Consider why traditional retirement plans—workplace or otherwise—just don’t work for significant swaths of the population.
Place the discussion in the context of one way semi-retired people might view money.