Financial Education

Additional References

The reporting behind our conversations about retirement. These articles and videos from national news organizations look at how the 401(k) came to be, how retirement savings have held up, and why so many Americans worry they won’t have enough.

Links open an archived copy saved on the Internet Archive (Wayback Machine) so they stay available even if the original page moves. A link to the original source is included when available.

The 401(k) and Retirement Savings

How today’s most common retirement plan began, and how it has performed for savers.

CBS NewsVideo

The birth of the 401(k)

Video report on the origins of the 401(k).

CNBCArticle · Feb 2023

401(k) retirement savings account balances sank in 2022, Fidelity says

Article on how average 401(k) balances fared in 2022, based on Fidelity data.

TIMEArticle

Why It’s Time to Retire the 401(k)

An article from TIME’s archive questioning the 401(k) as a retirement plan.

60 MinutesVideo

60 Minutes video report

Video from CBS’s 60 Minutes, as referenced in our retirement report.

ForbesArticle · Mar 2013

The Greatest Retirement Crisis In American History

Commentary by Edward Siedle on why many Americans are headed toward retirement without enough saved.

The Retirement Savings Gap

Reporting on how many Americans are approaching retirement without enough saved.

CBS NewsVideo

Retirement out of reach for millions of Americans

Video report on Americans for whom retirement is out of reach.

CBS NewsArticle

American seniors don’t have enough retirement savings

Article on older Americans without enough retirement savings.

CBS NewsArticle

Millions of Americans nearing retirement age have no savings

Article on Americans nearing retirement age with no savings.

See what this means for your plan

Headlines describe the averages. We’ll look at your numbers, your timeline and your goals, side by side.

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These links are provided for educational purposes only. The articles and videos were created by third-party news organizations that are not affiliated with Legacy Shield Financial, and their inclusion does not imply endorsement of Legacy Shield Financial or any product. Legacy Shield Financial does not control the content of external sites. Nothing on this page is tax, legal or investment advice.