More US employers provide 401(k) plans as the only retirement benefit pan for their employees. Employees with these plans will have the full responsibility for saving and investing wisely for retirement. Many workers find out too late that their 401(k) plans come up short of meeting their needs at retirement.
How well you handle this “do-it-yourself” retirement saving system and avoid the common pitfalls will mean the difference to being prepared for retirement or not. But the good advice for saving and investing for retirement isn’t universal to everyone. What you should be doing can vary based on your age and the number of years to save that are ahead of you.
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