At 29 With $45K in 401(k), Why Projected Figures Might Mislead

At 29 With $45K in 401(k), Why Projected Figures Might Mislead

When it comes to retirement, it’s never too soon to start saving. Fortunately, corporate America has embedded the opportunity for employees to participate in 401(k) retirement plans. As of 2023, the latest data available, over half (57%) of private-sector businesses with fewer than 100 employees offered a retirement benefit plan. This figure rises significantly for larger companies, with 86% of those employing 100 or more workers and 91% of firm…