{"id":8880,"date":"2024-12-23T08:37:53","date_gmt":"2024-12-23T14:37:53","guid":{"rendered":"http:\/\/uawlocal2250.net\/live\/?p=8880"},"modified":"2024-12-23T08:37:53","modified_gmt":"2024-12-23T14:37:53","slug":"you-are-already-ahead-in-the-retirement-game","status":"publish","type":"post","link":"https:\/\/uawlocal2250.net\/live\/index.php\/2024\/12\/23\/you-are-already-ahead-in-the-retirement-game\/","title":{"rendered":"You Are Already Ahead In The RETIREMENT Game"},"content":{"rendered":"

How is your retirement plan compared to the rest of the country? Are you doing enough?\u00a0 The answer is Yes is you are a member of UAW Local 2250.\u00a0 CNBC takes a look at the state of Investor\/Worker retirement in Here’s the average 401(k) savings rate as investors boost deferrals.<\/a>…<\/p>\n

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How much to save in your 401(k)<\/h2>\n
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Vanguard recommends\u00a0saving 12% to 15%<\/a>\u00a0of your earnings every year, including employer contributions, to meet your retirement needs. The combined savings benchmark for Fidelity is 15%.<\/p>\n

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Typically, companies\u00a0match employee deferrals<\/a>\u00a0up to a specified limit \u2014 and you should aim to contribute at least enough to get the full match, said Greenan from the Plan Sponsor Council of America.<\/p>\n<\/div>\n<\/blockquote>\n

You are already doing better than that thanks to the 2023 UAW\/GM National Agreement.\u00a0 Currently, In-Progression\/Tier 2 members receive a company contribution of 10% of wages added to their 401(k) without having to provide any matching funds.\u00a0 Every In-Progression\/Tier 2 starts at a ten percent contribution rate.\u00a0 To reach the Fidelity benchmark of 15%, a member just needs to add five percent.\u00a0 Start saving and build your retirement plan!<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How is your retirement plan compared to the rest of the country? Are you doing enough?\u00a0 The answer is Yes is you are a member of UAW Local 2250.\u00a0 CNBC takes a look at the state of Investor\/Worker retirement in Here’s the average 401(k) savings rate as investors boost deferrals.… How much to save in […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,33],"tags":[192,1061],"class_list":["post-8880","post","type-post","status-publish","format-standard","hentry","category-union-contracts","category-union-made","tag-401k","tag-retirement-benefits"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts\/8880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/comments?post=8880"}],"version-history":[{"count":2,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts\/8880\/revisions"}],"predecessor-version":[{"id":8883,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/posts\/8880\/revisions\/8883"}],"wp:attachment":[{"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/media?parent=8880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/categories?post=8880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uawlocal2250.net\/live\/index.php\/wp-json\/wp\/v2\/tags?post=8880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}