401k plans are the new normal for retirement funding, with the majority of Americans counting on them to live the post-work life they desire. But these plans, as effective as they may be, are not always perfect. And there are certain things that you should look for as you evaluate yours.

First, most 401k plans require you to opt-in and set your own contribution amount. As a result, too many Americans go without or underfund their account. The average person should be saving at least 15% of their annual income in order to fund their retirement. But according to the Employee Benefits Research Institute, we are currently only socking away 6.7% on average. That should scare many workers.

Click here to read more about the flaws of 401k plans so that you can improve your saving habits.

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