Tony Robbins warns Americans on Social Security, 401(k) problem
The motivational speaker explores one reason why people have a hard time saving for retirement.
People engaged in the financial exercise of planning to retire often do so, at least in part, by taking advantage of employer-sponsored 401(k) plans.
These contributions are especially lucrative when a worker's company matches them up to a predetermined income percentage, essentially giving the employee a 100% return on at least part of their investment.
Bestselling personal finance author and philanthropist Tony Robbins has a warning for Americans about Social Security benefits, and offers a surprising explanation about why many people have trouble setting aside a substantial sum of money for 401(k) plan contributions.
