Posted: January 7, 2020 in: Uncategorized 9 401(k) Mistakes Most Boomers Are Making

A 2019 survey of 1,000 Americans with access to company-sponsored defined contribution plans, conducted by Natixis Investment Managers, found that the average boomer has an 8.5% contribution rate, which is high compared to younger generations. That should come as no surprise, said Dave Goodsell, executive director of the Natixis Center for Investor Insight.

“It makes sense that the older you are, the more income you would have to put toward retirement savings,” he said. But even that comparatively high contribution rate still might not be enough for some boomers to retire comfortably.

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