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The father of the 401(k)
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In 1981, Ted Benna created the first 401(k) plan, which allowed corporations to contribute, tax-free, to workers' retirement accounts. That allowed companies to get out of the pension business, but gave employees more responsibility over their retirement funds. https://www.cbsnews.com/video/the-birth-of-the-401k/ | CBS Sunday Morning
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Meet Ted Benna, "Father of the 401(k)" | The Motley Fool
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fool.com
1:29
The FATHER OF 401k, the one who CREATED and INVENTED the 401k plan has a CONCERN of the creation. In this short video, he’ll be explain more about it✅. One MAJOR THING he mentioned at the end and what he suggest is “RECEIVING A GUARANTEED LIFETIME INCOME”✅ in other words “annuities”. If you have old retirement accounts or inactive retirement account or previous accounts that is sitting around. Yes, you can rollover your money into a annuity with no taxation, or penalties. The annuity just needs
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Ted Benna "The Father of the 401K" admits it was a mistake! #annuities #401k #finance #personalfinan
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