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The Bad News Is, You Have a 401(k) Plan

By Bruce Jackson
June 29, 2006

This article is intended by the author to comprise Part Three of Four in a series on lawyer retirement planning. Parts One and Two, 'What In the World Is Going On With Lawyer Retirement Planning?', were published in the Nov. and Dec. 2005 issues of LFP&B.

The good news is your firm has a contributory retirement plan and you are a participant. The bad news is that to manage your money, control much of your retirement destiny and thus the future financial welfare of you and your family, your firm has placed this responsibility in the hands of someone who is almost certainly clueless about such matters.

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