According to the Bureau of Labor Statistics, only about 44% of workers participate in defined contribution plans such as 401(k)s. If you have a 401(k) retirement savings plan available at your workplace, you might be wondering how safe it is and whether you should participate.
The answers to those questions are yes, 401(k)s are rather safe, and yes, you should probably be making the most of one if it’s available to you. Let’s explore those answers in a bit more detail, though.
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