Tag: 401ks below potential
2013 Survey of Consumer Finances shows drop in balances and in participation. Last week’s blog post reported that – according to the Federal Reserve’s 2013 Survey of Consumer Finances – 401(k)/IRA balances for the typical working household approaching retirement declined from $120,000 in 2010 to $111,000 in 2013. This drop is startling given the positiv…