For the first time ever, half of private sector workers are contributing to a 401(k) retirement plan. This is up from 43% ten years ago, according to the Department of Labor. The increase may be the result of more states requiring companies to offer these plans. “More people are covered and more are participating, fees are coming down,” David Stinnett of Vanguard said. Experts recommend workers put 15% of their paychecks into their 401(k). (newser)
Phone Topic: What is your plan to save for retirement?