I’ve seen some provocative headlines before, and sadly, I always fall for the bait and click to read the accompanying article. This morning, I did it again when I saw this headline on Fiduciary News: “Is the 401(k) merely a Ponzi scheme?”
Now, I certainly don’t believe 401(k)s are a Ponzi scheme, but I couldn’t resist. I simply had to see what kind of argument could be posted in support of that statement. (Plus, I’m a Libra; we have an uncanny ability to see merit in both sides of nearly any argument, so there was the possibility I could be swayed.)
