CBS interview called the 401(k) “idiot-proof.” This is a common misconception. In an April 2025 CBS interview featuring Ted Benna, the “father of the 401(k),” the 401(k) was described as idiot-proof.

I respectfully disagree.
The 401(k) plan was named after the section of the tax law that legalized it. Section 401(k) changed retirement in America forever. Back in the day, pensions guaranteed workers income for life. Then Ted Benna came along in the 1980s and realized Se
Welcome to Optimize Your 401(k). This page is here to help you build long-term financial confidence through practical, research-based guidance on managing your 401(k). Whether you're getting started, changing jobs, or updating your strategy, you're i

ON SOCIAL

Instagram: @optimizeyour401kwithbill