Did you know that the Number 1 reason retirement plan sponsors begin working with a financial advisor is because they have concerns about their fiduciary duties?
Like many depression era born workers, my father worked at the same company for nearly 30 year. Companies offered great incentives to stay through pleasant work environments, good benefits and pension plans.
Americans are gradually inching up their contributions. A significant factor to improved savings rates may be the automatic enrollment feature that nearly 60% of employers now use for their 401(k) plans.