Participants who think they need $1.7 million to be comfortable in retirement may not be saving enough to hit that mark.
There is no clear strategy for older workers’ retirement and phasing out of the workforce. That could cost employers in both the short and long term.
While experts agree that a recent IRS ruling opens the door for employers to help employees pay off debt and save for retirement, there are a few glitches.
A few potent factors contribute to the investment option’s popularity with younger workers.
Don’t expect companies to foot more of the direct costs of retirement just for altruistic reasons.