Jean Chatzky warns Americans on 401(k)s, retirement plans

As worries develop about market instability and a potential economic downturn, many American workers are prioritizing assembly the monetary demands of day after day existence — paying their mortgage or hire, managing rising grocery and fuel charges, and addressing other obligatory expenses.

While going thru these quick challenges, they continue to be attentive to their future monetary safety, investing in 401(good ample) plans and Particular particular person Retirement Accounts (IRAs) to prepare for retirement and be definite steadiness amid economic uncertainty.

Eminent writer and outdated skool NBC On the present time Teach monetary editor Jean Chatzky affords a compelling warning on 401(good ample) plans and emphasizes the long-established negate of inadequate retirement planning.