Americans are struggling with an alarming retirement, 401(k) challenge
The rising cost of living is creating new issues when planning for retirement.
Saving for retirement is a decades-long process that workers of all ages should prioritize. However, when 401(k)s began replacing employer pensions as the primary retirement plan in the 1980s, workers were tasked with the burden of managing their savings.
Many workers find 401(k)s and IRAs confusing and lack the resources to save enough to last them through their entire retirement.
