How To Plan For Retirement With A 401K?

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    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    A qualified, employer sponsored, defined contribution retirement plan like a 401(k) is one of the most popular savings options. Some employers offer an additional contribution match further enhancing your pretax contributions. Many advisers recommend that baby boomers work until age 70 1/2 to contribute as much as possible due to the risk of longevity during retirement and required minimum distributions are triggered for income.
    Answered on September 4, 2013
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