Is Your DC Plan Successful?
Video: Is Your Defined Contribution Plan Successful?
Toni Brown, CFA, Retirement Strategy Group, American Funds
Toni Brown: “… The rule of thumb is that a participant needs to be saving 15% of their compensation every year from the time they start working. That’s a significant savings. Plan sponsors can drive that savings. And in addition to that, participants need to invest wisely. If they do those two things, they should have enough money for a very successful retirement.”
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund prospectuses and summary prospectuses, which can be obtained from a financial professional, and should be read carefully before investing. Similar information about collective investment trusts can be obtained from Capital Group or participants’ plan provider or employer.
American Funds Distributors, Inc., member FINRA.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.