Where Each Generation Is Putting Their Retirement Savings — Beyond 401(k) Plans

Although 401(k) plans are one of the most popular retirement vehicles, people can still save for retirement after maxing out their annual contributions. Savings accounts, IRAs, brokerage accounts, and health savings accounts are the four most popular options, according to a Schwab study conducted last year. Most people store money in their savings accounts, while fewer people across all generations are as willing to invest in IRAs, brokerage accounts, and HSAs. It reflects a desire to play it safe with m ...