Not much of this year’s tax refunds are expected to go to 401(k)or other workplace retirement savings plans.
A John Hancock Financial survey found 52 percent of workers whoare expecting a refund plan to channel the money into a savingsaccount, while 25 percent plan to use refunds to pay downdebt.
But only 2 percent said they would direct their refund toward anemployer-sponsored retirement plan.
Also read: IRS,Social Security sued over confiscated refunds
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