Is real job security just a thing of the past? Indeed, traditional pension plans are becoming a dinosaur. Meet two workers who found out that their employers, some of the most established companies in America, won’t keep their promises. Now the burden is on them to take care of themselves during retirement.
Working for “Me, Inc.” is a way to protect yourself in light of eroding benefits. Pam and Jack explore the value of benefits offered at the workplace, especially the pros and cons of 401(k) plans. Ben Stein also comments on health coverage, disability insurance and medical savings options.
401(k) theft is very rare, especially at large corporations, but at a small firm, management has easier access to employees’ money, making the risk greater. This Scam Alert involves a manager who stole money from her employees’ 401k plans. Also, learn the red flags that show when your 401(k) plan is in trouble.
