Retirement Planning Archives - Great Democracy Initiative

Are 401(k)s Still Working? Alternatives for the Next Generation

June 3, 2025 by Sheryl McCarthy

A glass jar with coins and a label marked "401(k)s," symbolizing retirement savings

Are 401(k) plans still an effective way to save for retirement today and for the next generation? Let’s get right into the numbers. According to the Bureau of Labor Statistics, about 68% of private industry workers in the U.S. had access to a retirement plan in 2023, but only 51% participated. Even for those who … Read more

5 Things to Know About 401k Loan Interest Rates

July 12, 2024July 9, 2024 by Sheryl McCarthy

Thinking about dipping into your 401(k) for a loan? It’s super important to get a grip on the interest rates involved. Good news: 401(k) loans usually come with lower interest rates than personal loans or credit cards. Plus, the interest you pay? It goes right back into your retirement account, which can help boost your … Read more