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According to the AARP, 1 in 5 (20%) of adults aged 50+ have no retirement savings, and more than half (61%) are worried they will not have enough money to support them in retirement. On the other hand, 401(k) plans have become financial wellness destinations, with retirement plan participants saving at record-high rates in 2024, according to Vanguard’s “How America Saves” report.
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