Many American workers worry about whether their retirement savings and investing plan will be enough, and bestselling author Dave Ramsey has a simple response to the question of whether a 401(k) by itself can support someone through retirement.
“It might be if you have access to a Roth 401(k), solid investment options and are able to invest 15% of your income,” Ramsey wrote. “It might not be if one or more of those above points aren’t true in your case. You may need to look at options outside your workplace retirement plan, like a Roth IRA.”
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