The legacy of Steve Jobs and the success of Apple can teach advisers a whole lot, according to David Patchen of Raymond James, a financial advising firm.
MassMutuals fourth quarter data show that the average 401(k) deferral rate for female participants was 5.38%, an increase of 1.6% for the quarter. In comparison, male participants are saving at 5.81% on average, an increase of 1.2% from the previous quarter.