It's Time To Start Coddling Your Nest Egg

When Washington's tax wizards created section 401(k) of the Internal Revenue Service code back in 1981, they changed the concept of retirement forever. Since then, more than 60,000 old-style company pension plans have been dismantled in favor of the defined-contribution approach. These 401(k) plans are loaded with tax breaks, and they put employees in control of their savings. But even after 10 years of evolution, most 401(k) plans leave much to be desired.

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