Nurses Care About Patients And Retirement!
Did you know its National Nurses Week? May 6-12
These outstanding people are doing a great job preparing for retirement. Here's a recent Fidelity study provided by 401khelpcenter.com.
Nurses reported higher savings levels in 401k and 403b plans than their peers across the tax-exempt (e.g., hospitals, non-profits, religious and higher education institutions) and corporate sectors.
On average, nurses have $64,000 in their workplace savings plans, compared to average balances of $48,000 among all workers in tax-exempt sector plans and $62,500 among all workers in corporate sector plans. The combination of higher earnings and higher deferral rates into workplace savings plans (9% deferral rate for nurses vs. 6.9% for most Americans) is likely driving the higher balances.