Tag: 403b
In today’s world, workers need to save if they want to be comfortable in retirement. But there are also limits to what many people can afford. A new study finds that when U.K. workers were automatically enrolled and started contributing to a retirement savings plan, their household debt – credit cards, bank overdrafts, and other…
Imagine a married couple. Both work, and their earnings are identical. But one spouse’s employer is matching every dollar of her 401(k) contributions up to a cap. The other spouse’s 401(k) match is only 50 percent. They could increase how much they are saving for retirement by contributing first to the 401(k) with the fu…