How Much Are We Really Saving in Our 401(k)s?

How Much Are We Really Saving in Our 401(k)s?

06/20/11

Most people approaching retirement who are lucky enough to have an employer-sponsored retirement plan will have a 401(k).  This pattern is particularly true in the private sector where defined contribution plans dominate; most public sector workers continue to be covered by traditional defined benefit plans, which pay benefits for life based on years of service and final salary.

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