Jean Chatzky sends strong message on Americans' 401(k) plans

As worries develop about market instability and a in all probability economic downturn, many American workers are prioritizing assembly the monetary demands of day after day existence — paying their mortgage or rent, managing increasing grocery and gasoline costs, and addressing other very valuable costs.

Whereas coping with these instantaneous challenges, they remain attentive to their future monetary security, investing in 401(okay) plans and Particular particular person Retirement Accounts (IRAs) to put together for retirement and make certain that stability amid economic uncertainty.

Famend author and historical NBC This day Demonstrate monetary editor Jean Chatzky offers a compelling warning on 401(okay) plans and emphasizes the habitual subject of inadequate retirement planning.