Understanding 401(k) Plans

FRB of Atlanta Working Paper No. 2004-21

16 Pages Posted: 23 Sep 2004  

Ramon P. DeGennaro

University of Tennessee, Knoxville - Department of Finance

Deborah Murphy

University of Tennessee, Knoxville - Department of Finance

Date Written: September 2004

Abstract

Questions about the future of the Social Security system continue to surface. As a result, interest in employer-sponsored retirement plans and other retirement investment options increases. But the restrictions and rules associated with various defined benefit plans such as 401(k), 403 (b), and 457 plans can be confusing, and these plans have risks of their own. The authors explore these plans and explain the need to view retirement savings as only one part of a portfolio.

Keywords: Asset, allocation, savings, taxes, pension, retirement

JEL Classification: G11, G20, G29

Suggested Citation

DeGennaro, Ramon P. and Murphy, Deborah, Understanding 401(k) Plans (September 2004). FRB of Atlanta Working Paper No. 2004-21. Available at SSRN: https://ssrn.com/abstract=594402 or http://dx.doi.org/10.2139/ssrn.594402

Ramon P. DeGennaro (Contact Author)

University of Tennessee, Knoxville - Department of Finance ( email )

423 Stokely Management Center
Knoxville, TN 37996
United States
865-974-1726 (Phone)
865-974-1716 (Fax)

Deborah Murphy

University of Tennessee, Knoxville - Department of Finance ( email )

Knoxville, TN 37996
United States

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