Retirement done right means financial freedom in the golden years, but for employees who didn’t start saving early or find their finances coming up short, living comfortably can seem out of reach.
The events of recent years have put strain on retirement accounts, whether caused by career and job changes or the impact of a troubled economy. According to the Bureau of Labor and Statistics, this year’s private industry retirement access through employers was 69%, but only 52% of workers were participating. Though this number is going up and likely to increase with the anticipated passing of the SECURE Act 2.0, employers should continue communicating with employees on the pathways to a healthy financial future.
