Depending on what stage of your career you are in, saving for retirement may not be a priority. However, different savings vessels offer varying advantages to individuals throughout their journey to retirement.
Marsh McLennan Agency’s president and national practice leader of retirement and wealth at Marsh McLennan Agency, Craig Reid, was quoted in GoBankingRates on the value of a 401(k) savings account.
“Many 401(k) plans today are also coupled with personal financial advice services designed to help improve financial outcomes. For higher-income earners or people with more discretionary income, the 401(k) also allows you to save higher limits than most other retirement accounts, affording you the opportunity to save for a better retirement,” said Craig.
