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The Average 401(k) Savings Rate: Will It Really Fund Retirement?

The Average 401(k) Savings Rate: Will It Really Fund Retirement? Catherine Brock © Provided by The Motley Fool The Average 401(k) Savings Rate: Will It Really Fund Retirement? How much are you saving for retirement? Experts recommend socking away at least 10% of your salary, but a recent report from the Plan Sponsor Council of America (PSCA) suggests many Americans are short of that benchmark. The PSCA, which helps employers manage their retirement plans, concludes that the average American worker contributes just 7.6% of income to a workplace retirement plan. And you have to wonder: Is that enough to secure a comfortable retirement?

A Second Stimulus Check Appears to Be On the Way

A Second Stimulus Check Appears to Be On the Way Kiplinger 12/20/2020 © Provided by Kiplinger A second stimulus check appears to be on the way! After a Saturday night breakthrough, it now looks like Congress will agree on a new COVID-19 relief bill that includes a second round of stimulus checks. While nothing is final yet, some preliminary details are available from various reports. We know you have questions, so here are a few likely answers. ( Again, nothing is final yet lawmakers can change direction at any time before final passage.) Popular Searches Amount of Your Second Stimulus Check Although higher amounts were discussed, it looks like the second stimulus check base amount will be $600. That s half the amount of the first-round payments authorized by the CARES Act back in March. It s also expected that families will receive an additional $600 for each child. So, for example, a family of four could get a second stimulus check for $2,400.

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