Are 401(k) Plans Really Worth It? Savings, Risks, and Benefits

<p>You can read a more detailed explanation&nbsp;<a href="https://themakingofamillionaire.com/know-what-401k-balance-progress-says-about-your-retirement-hope-6603f0be7d22" rel="noopener ugc nofollow" target="_blank">here</a>&nbsp;(along with comparison data of median balances by age and how much financial pros recommend you have by age).</p> <p>To keep things brief here, 401(k) and 403(b) plans are tax-advantaged retirement plans sponsored by employers for their employees. These employers may or may not contribute to employees&rsquo; accounts through so-called employer matching of employee contributions.</p> <p>An estimated 80 million Americans participate in such plans, which hold about a fifth of the US retirement market&rsquo;s assets.</p> <p>Now that we (sort of) know what 401(k) plans are, and how many invest through them, it&rsquo;s time to dive into their savings, risks, and benefits.</p> <p><a href="https://themakingofamillionaire.com/are-401-k-plans-really-worth-it-savings-risks-and-benefits-2062857a24e0"><strong>Click Here</strong></a></p>
Tags: Risks Benefits