Can You Afford To Retire?

While fiddling with my new HDTV tuner the other night, I came across a Frontline program on PBS discussing the journey of the 401(k) program from “an arcane sub-paragraph in the U.S. tax code” to the retirement tool of choice. Most folks who work in the IT industry already have a 401(k) plan and after the announcement by Verizon Communications that it plans to switch from a guaranteed pension plan to a 401(k) plan, it appears that the defined pension benefit plan is going the way of the dodo bird. The program was absolutely rivetting and if you want to check it out, it is available for online viewing here.