How Are 401k Savers Leveraging, Engaging Tax-Advantaged Accounts?

401k, retirement, savings, workers

Looking good.

Americans, and many voters, might argue current trends present worrisome possibilities. But as far as retirement savings trends go, things are looking up (mainly).

Ascensus released its annual savings trends report, Inside America’s Savings Plans, which looks at the savings behaviors of 401k, 529, health savings, and ABLE account holders on the Ascensus platform.

Importantly, it also highlights how key elements of plan design can impact savings outcomes.

So, how are savers leveraging and engaging with tax-advantaged savings vehicles?

“Our analysis offers some preliminary answers as to how and when individuals are saving for a more secure financial future,” David Musto, president of Ascensus, said in a statement. “But at its core, it confirms that there’s no one-size-fits-all approach to planning for what matters most—retirement, education, and healthcare.”

“Employers, state governments, and financial advisors continue to play an integral role in encouraging individuals to make the most of the savings tools available to them,” Musto concluded.

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