Back in the day, the 401(k) – if you had one – was just a supplement to a good old-fashioned pension. An optional way to juice up your retirement. Today, for most Americans, pensions are history and the 401(k) is the main event, after Social Security. And 401(k)s are failing.

Millions of Americans are barreling toward 65-plus with very little in the sugar bowl. The stock market has tanked and tanked again and looks shaky right now. Most human nature may not be cut out for sophisticated investing. Is there a better way?

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