Tag: 401k
The baby boomers born in the early 1960s, at the tail end of the demographic wave, had about $280,000 in retirement wealth when they reached their early 50s. That’s significantly less – about $50,000 less – than the late-1950s boomers had at the same age. Some of this shortfall might’ve been anticipated for the youngest…
U.S. workers’ enthusiasm for saving money for retirement is lukewarm. But that doesn’t go very far in explaining why only three out of every 10 Latino workers are participating in an employer retirement plan, typically a 401(k). The major reason is that most of them do not have a retirement plan because they are employed…
