Welcome to Retirement Scan, our daily roundup of retirement news.
Why employees aren’t saving more in their 401(k)s
As much as 30% of workers raised their 401(k) pretax contributions this year, with nearly 50% of the respondents saying they continue making contributions this year at last year’s rates, according to survey in this article from CNBC. About 25% of the participants in the Bankrate report who opted not to increase their contribution rates claimed they were “comfortable” with their current savings rates, while nearly a quarter cited stagnant or dwindling incomes as the reason for their decision.
