Max Out Retirement Savings, Secure Your Future

Most Americans struggle to save for retirement, but a small percentage max out their contributions. Vanguard reports that 14% of workers hit the employee limit in 2024. Higher earners are more likely to reach this goal, which allows for employer matches and compound interest growth. Starting early and aiming high can lead to significant savings by retirement age. However, delaying contributions or switching to jobs without plans can result in a substantial shortfall. Prioritize employer matches and set up automatic contributions for consistent savings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.