In the News

Title

Retirement readiness: 15% salary deferrals are the new 10% for 401(k)s

Document Type

Article

Publication Date

1-5-2015

Abstract

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