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The retirment quiz on the site today got me a little confused. It says that only 1 out of 10 Americans are truly financially prepared for their retirment, yet 75% of employees that qualify for a 401(k) plan do contribute. Sounds a little contradictory, no?

75% of employees may contribute to 401k plans, but I think that figure is pretty recent. If you go back 10 years, I bet the percentage isn't even half of that. Obviously contributing to a 401k for only a few years is not going to financially prepare a person for retirement.

I also agree with the people who have said that the 75% does not account for people who are only minimally participating in their 401k plans by not saving as much as the could.
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