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Special Report

Economic Anxiety Extends to Retirement

Morningstar CEO Kunal Kapoor sees a need to combine the flexibility of a 401(k) with the best elements of traditional pensions.

Restoring a greater level of economic security for the American worker was a constant refrain during the election. Although it wasn’t a campaign theme, one key area in which workers have experienced an erosion of confidence is how they feel about their retirement security. As companies have shifted from traditional pensions to 401(k)-style plans, workers have become increasingly anxious about their quality of life after they retire. To help allay those concerns, there’s a need to combine the flexibility of a 401(k) with the best elements of traditional pensions. 

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