The Daily Money: Does a 401(k) plan still make sense for you?

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, July 31 We made it to Friday, Daily Money readers. Brett Molina here to wrap up another work week with some more Money and Tech headlines. It's not a topic you would expect to generate a lot of buzz, but a recent column has sparked debate over the value of 401(k) accounts. So, we ask the question: does it still make sense to save into a 401(k)? A recent survey found many Americans are underestimating how much money they will need in retirement. On average, participants said they think workers need about 67% of their pre-retirement income. However, experts believe it should be between 70% and 85%.  Finally, investing isn't exactly the most romantic subject to broach with your partner. But getting your spouse interested in investing could pay big dividends in the future. Here's how to make that approach. Scroll down for more headlines, and enjoy your weekend. Brett Molina, Money/Tech editor Does a 401(k) plan still make sense for you? It might All 401(k) plans aren't the same. All savers have different incentives, which makes it wrong to conclude that 401(k)s are worthless. You might need more money than you think for retirement How to get your spouse on board with investing LG Velvet: A sleek new smartphone with an OK camera Gorgeous 2021 LC 500 convertible takes Lexus style... Extra $600 in unemployment set to lapse as talks... Nordstrom to lay off some workers amid COVID-19 These are the states with the most COVID-19 cases Apple's next iPhones won't be out in September Facebook is doing OK despite ad boycott   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102