The Average 401(k) Savings Rate: Will It Really Fund Retirement?
The Average 401(k) Savings Rate: Will It Really Fund Retirement? Catherine Brock © Provided by The Motley Fool The Average 401(k) Savings Rate: Will It Really Fund Retirement? How much are you saving for retirement? Experts recommend socking away at least 10% of your salary, but a recent report from the Plan Sponsor Council of America (PSCA) suggests many Americans are short of that benchmark. The PSCA, which helps employers manage their retirement plans, concludes that the average American worker contributes just 7.6% of income to a workplace retirement plan. And you have...
Source: msn.com