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401(k)s Replaced Pensions. Retirement Savings Are Still Coming Up Short.

Por: MarketWatch Business October 31, 2023

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The bad news is that almost half the nation’s families have no retirement plan at all, and that participation has barely since 2001. Even among those with retirement accounts, the median value of their retirement holdings was just $86,000.  Over the past four decades, 401(k)s, 403(b)s and other tax-advantaged retirement savings plans have supplanted private pensions as the main source of income for seniors after Social Security. Yet they... + full article



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