Retirement readiness: 15% salary deferrals are the new 10% for 401(k)s
Wade D. Pfau
In 2015, tell your clients — particularly those in their 30s — to aim for 15% contributions of their salary into their 401(k) plans. With pensions drying up and employers cutting health care plans for retirees, workers are taking a greater share of responsibility for their retirement income security and the 401(k) will shoulder most of the retirees' costs going forward
Mercado, Darla, "Retirement readiness: 15% salary deferrals are the new 10% for 401(k)s" (2015). In the News. 453.