I guess "coming full-circle" isn't quite the term I want to use, but I'm old enough to remember when 401(k)'s were branded as the corporation's way of throwing

I guess "coming full-circle" isn't quite the term I want to use, but I'm old enough to remember when 401(k)'s were branded as the corporation's way of throwing their employees to the wind to fend for themselves. Compared to the defined benefit pension that was commonplace. >At no other time in history could you rely on the markets to subsidize the latter third of your life. So now saving for retirement is an act of benevolence on the part of the companies who receive the investment? Since that doesn't make sense, are you maybe referring to the small tax deferral provided by section 401(k) of the Internal Revenue Code? Here's a link to describe what 401(k) is all about, for those who are curious. http://en.wikipedia.org/wiki/401%28k%29 http://en.wikipedia.org/wiki/401%28k%29