Tag: employer sponsored retirement plans
Meaningful balances require continuous coverage and for that we need a national mandate. It’s always interesting to look at Vanguard’s most recent edition of “How America Saves.” And it’s particularly interesting to get the numbers for 2023 – a good year for both the economy and the stock market. Indeed, participation rate, contribution rates, and…
At any given time, only about half of U.S. private sector workers are covered by an employer-sponsored retirement plan. As a result, roughly one-third of households end up completely reliant on Social Security at retirement, while others move in and out of coverage throughout their careers and end up with only modest balances in a…
