Hunter Benefits Consulting Group, Inc.’s Post

401(k) Plans are the best way to save for retirement in 2024 This is why - According to Bank of America, the average 401(k) account balance has gone up 17% from $79,000 last year to $92,000 this year.   And approximately 15% of 401(k) plan participants increased their contribution rate. How did this happen? 1) The market did well 2) Once you start saving, the snowball effect kicks in and it's easier to save even more. Watch our full video of why we think 401(k) plans are the best way to save for retirement with the link in the comments. #retirement #retirementplanning #401k