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View Diary: Daily Kos Demographics Poll: What's your 401(k) balance? (39 comments)

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  •  I don't think a lot of "thought" went into it. (4+ / 0-)
    Recommended by:
    Senor Unoball, tikkun, 3goldens, Onomastic

    Mostly, 401k plans seem to have evolved at firms (or industries) that used to have traditional pensions, but don't any more.
    And the traditional pensions had the same drawbacks you mention, i.e. only available to people who stayed healthy in a long-term job with a pretty good income.

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