Reported about 7 hours ago
According to a recent Vanguard report, average retirement contributions from Americans have reached nearly 8% of their paychecks, fueled by auto enrollment and auto escalation in employer-sponsored 401(k) plans. While this is a positive trend, there has also been an increase in hardship withdrawals from retirement accounts, raising concerns about financial stability among savers. The growing preference for Roth 401(k) plans is noted as savers seek tax planning benefits, although the uptick in withdrawals highlights the importance of emergency savings.
Source: YAHOO