Should You Max Out Your 401(k)?
- Date: 18-Dec-2021
- Source: Yahoo News
- Sector:Retail
- Country:Middle East
Should You Max Out Your 401(k)?
Living comfortably in retirement is a crucial part of the traditional American Dream. But many Americans struggle to save enough before they leave the workforce. According to a 2021 survey from the Insured Retirement Institute, 51% of older workers don’t have enough saved to cover their retirement needs. And, in addition, 57% are not saving enough to make up for it. With that in mind, it might be time to consider your current savings plan. One way to reach your financial goals is to max out your 401(k) to support yourself through retirement. Here’s what you need to know to see if this strategy suits your situation.
Consider working with a financial advisor as you prepare for retirement.
Should You Max Out Your 401(k)?
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