Will 401(k) plans keep getting worse?

We all have 2 safety nets to retirement. One is Social Security and the other is our 401(K). Social security, as we all know, is on everyone's radar - what will happen in 2030? Will it be under funded? What happens if it does?

Our other safety net is the 401(K). How are you doing with it? Are you properly asset allocated to maximize  its gains? If you have no clue how and what funds to invest your money in....what will happen when the time comes for you to retire?

And what are the ramifications of IBM, one of the leaders in retirement, changing the rules of matching its 401(K) once a year in December instead of each pay period match?

Below is a CNN special on IBM's move:


Will 401(k) plans keep getting worse?
By Teresa Ghilarducci, Special to CNN
updated 5:22 PM EST, Wed December 12, 2012


Editor's note: Teresa Ghilarducci is a professor of economics and director of the Schwartz Center for Economic Policy Analysis at The New School.

(CNN) -- IBM, one of America's largest companies, shook the employee compensation world when it announced recently that it would contribute only once every December to its employees' 401(k) accounts. Any employee who leaves before December would not be able to collect the company's match.

Workers at IBM aren't marching to the picket line like Walmart workers and longshoreman who protest pay and working conditions, but you just never know.

Read more.