Prior to 1978, retirement was pretty simple for folks like my Grandad. His retirement consisted of Mailbox Money® – guaranteed income he could never outlive. He had his employer provided pension and Social Security. In 1978, a new Player entered the retirement game… to many Americans, that was the first time they had any direct dealings with WALL STREET.
Check out Tony’s latest video explaining how the ‘dawn of the 401(k) plan’ changed the retirement landscape forever.