Financial pressures reshaping retirement planning - 401K Specialist
Over one-third of employees are withdrawing from their retirement accounts to pay down urgent needs, according to Payroll Integrations’ Employee Financial Wellness Report. Gen Zers are leading the way with 46 percent stating they have taken money out of their retirement savings compared to 31 percent of Millennials. “It’s clear that many Americans are feeling the pinch of economic circumstances, and those pressures are fundamentally reshaping their retirement planning strategies,” said Doug Sabella, CEO of Payroll Integrations. Amanda Umpierrez, writing for the 401K Specialist, reviews the findings and their implications for the financial readiness of future retirees. Read Ms. Umpierrez’s article here…
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