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Bogle: The Problems With 401(k)s

The 401(k) is really a thrift plan that we've tried to redesign into a retirement plan, and it needs to change, says the Vanguard founder.

Christine Benz: Hi, I'm Christine Benz for I'm here at the Morningstar Investment Conference.

The 401(k) industry has increasingly come in for harsh criticism. Joining me to discuss whether that criticism is founded is John C. Bogle. He is the founder of the Vanguard Group.