Young workers making an entry-level salary usually will be in a low income tax bracket, so choosing a Roth 401(k) and paying taxes on their retirement contributions now often makes sense, according to Matthew Eickman, national retirement practice leader at Qualified Plan Advisors, a consultant to plan sponsors.
Saving for retirement may not be at the top of your priority list, but you’ll be glad you did it when the time comes.
Financial wellness, like its predecessor financial literacy education, has not significantly changed participant behavior. But before we give up on it, it’s important to understand where it went wrong and why the retirement industry must get it right.
October kicked off #RetirementSecurityMonth! Retirement Security Month was created as a national event to promote the benefits of saving for retirement and to encourage everyone to participate in the options they have available to them.