{"product_id":"the-great-401-k-hoax-9780738208527","title":"The Great 401 (k) Hoax","description":"According to business and finance journalists Bill Wolman and Anne Colamosca, the American public has been hoodwinked: 401(k)s, the most popular mechanism for retirement investing, were established to satisfy corporate, not individual, interests. They are replacing defined benefit-pension plans at an alarming rate and are vulnerable to the vicissitudes of the market, which -- if history serves as our guide -- is destined for at least a decade of lackluster performance. Drawing on primary historical and contemporary data, Wolman and Colamosca build a compelling case against the 401(k) as a tool for ensuring long-term financial security. They urge individuals and families to diversify their savings and investments, building conservative portfolios that include bonds, high-dividend stocks, and savings. In the process, they explore the colorful social history of our love-hate relationship with the stock market and address many key questions facing any family today, such as: How do I accumulate enough wealth to educate my children and retire comfortably? How secure are my sources of income and how can I anticipate change? Timely and incisive,\u003ci\u003e The Great 401(k) Hoax\u003c\/i\u003e is guaranteed to inspire debate and action from the water cooler to the boardroom to the voting booth.","brand":"Basic Books","offers":[{"title":"Default Title","offer_id":51391836553521,"sku":"9780738208527","price":21.99,"currency_code":"USD","in_stock":false}],"url":"https:\/\/pageaday.com\/products\/the-great-401-k-hoax-9780738208527","provider":"Page-A-Day","version":"1.0","type":"link"}