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Study: Retirement Savings Rate Improves When Workers Get Help With Whole Financial Life

from CNBC

Workers who get advice on all money matters impacting their lives do a better job saving specifically for retirement, a new report suggests. Among more than 2,400 employees who have had access to ongoing coaching for all aspects of their financial lives, the average retirement-plan contribution rate climbed to 9.4% of pay in 2018 from 6.3% in 2013, according to research from the Financial Wellness Think Tank. more

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