Retirement plan access varies by employer so advisors urge workers to self-start IRAs

Evidence

When you enter the labor market, if your company offers a retirement plan with an employer match, invest in it immediately and max out whenever possible; it’s part of your salary, and you’re leaving money on the table, as I did, if you don’t take advantage of it. If your company doesn’t offer retirement benefits, start your own IRA, like Racheal, the young woman we met in chapter 3. (In fact, if you have a Racheal in your life who’s making fiscally conservative, long-term decisions, follow her around and do whatever she does. She is one of the most financially savvy people I have ever encountered.) — Dorothy A. Brown, The Whiteness of Wealth, 532

Categorization

• XREF: connects to: Low retirement participation is often a simple information problem employers can fix — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 408; The retirement-account pyramid shifts from employer-funded toward self-funded tiers — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 363; 401(k)s shift retirement risk and funding burden from employer to employee
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Low retirement participation is often a simple information problem employers can fix — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 408; The retirement-account pyramid shifts from employer-funded toward self-funded tiers — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 363; 401(k)s shift retirement risk and funding burden from employer to employee