Understanding the Record High 401(k) Savings Rates of 2023 and Setting Your Target Percentage
Monday, 24 June 2024, 15:40
Record 401(k) Savings Rates
The average 401(k) savings rate has hit a record high in 2023, according to Vanguard.
Comparison to Target Percentage
Learn how the current savings rate compares to the recommended target percentage for optimal retirement planning.
Optimizing Savings Strategy
- Key Takeaway: Understanding the importance of setting and meeting savings targets.
- Recommendation: Evaluate your current savings rate in light of the record highs to align with long-term financial goals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.