In the mid-later part of the 20th century, employers began to offer retirement programs for their long-term employees. Guaranteed pension payouts were the most common form of compensation in the employment relationship. Most American companies today use the 401K program instead of guaranteed annuity or pension programs. 401K programs allow the employee to put aside money for retirement through an employer led financial program. The employer typically contributes a percentage of the worker's salary into the retirement account. 401K programs, 403B, and other flexible retirement savings account programs in general put the onus of retirement upon the employee. Savings are dictated by the employee's actions and willingness to put aside funds for retirement.
In the USA, the Social Security Administration also funds the retirement of American citizens. Although the age of eligibility and the question of funding have become recent political discussions, most consider Social Security payments to be an important part of planning for retirement.
401K - News and Advice about 401k Retirement Planning
Find information about 401k planning, new laws about retirement plans for employers, and news and updates about 401k regulations and investment providers.
Master the art of closing deals and making placements. Take our Recruiter Certification Program today. We're SHRM certified. Learn at your own pace during this 12-week program. Access over 20 courses. Great for those who want to break into recruiting, or recruiters who want to further their career.Take Program Today
Career Research Tool
Use our career research tool to find more than just a list of careers - find the right long term career for you. Explore salary trends for each type of profession, read sample job descriptions, and find the professional and educational requirements for specific careers.Use it Now