Defined contribution plans, such as 401(k) plans, are the most popular employer-sponsored retirement plan in the United States. According to recent statistics provided by the Investment Company Institute, there are about 600,000 401(k) plans in the U.S., covering approximately 60 million active participants and millions of former employees and retirees.
Read MoreAs you age, the question of when to collect Social Security (SS) retirement benefits will likely come to mind. There is no one size fits all age; your unique circumstances and goals will dictate the appropriate time for you to take Social Security retirement benefits.
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