If you are one of the seventy million Americans counting on your 401(k) plan to usher you into a comfortable old age, you're likely to be bitterly disappointed. Rather than benefit the employee, 401(k) plans reward employers, brokers, investment advisors, fund managers, insurance companies, unions, and lobbyists. Relying on these plans makes it increasingly difficult to retire comfortably. In his straight-forward, no-nonsense style, best-selling author...

Each generation of workers since the nineteenth century has had more retirement security than the previous generation. That is, until 1981, when shaky 401(k) plans began replacing traditional pensions. Now, tens of millions of Americans are discovering that they would have been better off under traditional pension plans long since replaced. Russell tells the story of a massive and international retirement robbery-- a substantial transfer of wealth...