DC plans

How not to die hungry: Turn your 401(k) into a pension

Company after company has repudiated traditional pensions, pushing younger workers into 401(k)-style retirement plans. For diligent savers, a 401(k) can accumulate a big balance, but when the time comes to start using it, things will get a lot more complicated than it was for their parents.

Ben Steverman
By Ben Steverman
Personal finance reporter
Bloomberg

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