For better or worse, study after study has shown that workers save more money when they sign up for programs that automatically take part of their earnings and put them in retirement savings programs. The same is also true of automatic withdrawal programs for online savings accounts.
This makes employer-sponsored retirement plans like the 401(k) program very valuable. When employers elect to match some percentage of their employees' contributions, these programs become even more valuable. With so few people saving additional money on their own, 401(k) programs have become increasingly important and their present and future status should be a major concern for all workers.
To read the complete column, follow this link:
http://financialedge.investopedia.com/financial-edge/0711/The-State-Of-The-401k.aspx
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