Health care costs may spoil the confidence that workers have in their retirement.
Articles by Patty Kujawa
When the tax reform law slashed the corporate tax rate to 21 percent from 35 percent, it increased many companies’ net income, allowing them to put that money to work for their businesses.
After six years of reporting increasing confidence in their financial situation, workers’ attitudes took a serious nosedive when thinking about their money issues and how they affect their lives, a recent biannual survey found.
The future of work is changing with the rise of contract workers, experts agree, and many of these freelancers are trying to build a career path in the gig economy. Because of this shift, traditional benefits will not hold up in the future.
More than 74 million people have a 401(k) plan to prepare them for the day they don’t have to work. But most employers don’t offer investment options that might help retirees spend what they’ve saved more predictably.