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Examples include eroded unionization, stagnant wages, lost benefits, Social Security and Medicare under siege, and high-risk defined contribution plans replacing secure defined benefit ones.
The 1978 Revenue Act changed things. Sections 401(k), 403(b), and 457 let retirement plan contributions be made with pretax dollars.
Employers bait and switch. They exploit workers advantageously. They replace defined benefit plans with defined contribution ones.
They often don't work. They falsely claim worker investments provide secure retirement income. Evidence shows otherwise.
Lifetime obligations exceed what most people save. Financial services industry con artists skim huge profits off the top. They do so in large commissions. They add up over time.
Social Security, public pensions, and defined benefit plans work as intended. They support retirement security. Marketplace uncertainty is eliminated.
Money power runs America. It controls Obama and congressional majorities. It's destroying the future of millions. A new Senate study explains more.
Most retirees face financial trouble. They're worse off than their parents and grandparents. Protracted Main Street depression conditions destroyed 40% of personal wealth.
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