We live in a world of unintended consequences. Consider a 1978 change in the tax code designed to let corporate executives supplement their pensions with extra cash. Believe it or not, that was the idea behind this subsection in the Internal Revenue Code, better known as 401(k). It was never meant to be the nation’s de facto retirement system, but here we are.
Why 401(k)s are bad for the future of long-term care
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