The Great Retirement Con

40 years ago, a grand experiment was embarked upon. One that promised US workers: Using new ‘defined contribution’ retirement savings vehicles such as IRAs and 401k,, they’d be better off when they reached retirement age.

Which raises a simple but very important question: How have things worked out?

The answer? Not well at all for the vast majority of Americans, for whom “retirement” will remain a perpetual myth.