Jean Chatzky sends strong message on Americans' 401(k) plans

As worries grow about market instability and a potential economic downturn, many American workers are prioritizing meeting the financial demands of everyday life — paying their mortgage or rent, managing increasing grocery and fuel costs, and addressing other essential expenses.

While dealing with these immediate challenges, they remain attentive to their future financial security, investing in 401(k) plans and Individual Retirement Accounts (IRAs) to prepare for retirement and ensure stability amid economic uncertainty.

Renowned author and former NBC Today Show financial editor Jean Chatzky offers a compelling warning on 401(k) plans and emphasizes the common issue of inadequate retirement planning.