How short-term thinking damages 401(k)s

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By Tristan Lejeune
June 19, 2013

Ric Edelman, chairman and CEO of Edelman Financial Services, told his Chicago audience that a combination of factors — including a misunderstanding of exponential growth and its effect on compounding interest — have led workers to short-term planning that can be deadly to 401(k)s and other defined contribution plans.

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