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Comment on 401(k) Plans No Longer Make Much Sense for Savers

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I think it isn't recognized what a policy failure 401k and IRA plans are. If people had defined benefit pensions they would be a great supplement, but as it is, only a handful of people will get retirement security for them, but we all lose when money that could have gone into small businesses helps Wal*Mart and other publically traded corportations put them out of business.

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