I recently appeared live at the New York Stock Exchange on CNBC’s Closing Bell to discuss the important role 401(k)s play in Americans’ retirement. During my appearance, I also spoke about the looming retirement crisis and how it affects each of us.
Employees who don’t take advantage of their employer-sponsored 401(k) plans are throwing away money. Because 401(k)s are a tax-deferred investment savings vehicles, the government essentially pays us to contribute to our own retirement. These are points I addressed during my segment on CNBC.