In the wake of harsh criticism and a growing number of headlines like this, many people are having doubts about the usefulness of 401(k)'s as a retirement savings tool. However, despite shaken consumer confidence and an unstable stock market, 401(k)'s still have their supporters. Individual retirement accounts are really the only way to prepare for retirement over the long hall and they can be the difference between affording retirement or having to keep working. Times may be tough right now, but these accounts are all we've got at the moment so we need to stick with them.
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