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The retirement market continues to be dominated by 401(k)s. They are the centerpiece of the employer offering and the starting point for most financial advisors. But with a new year, is it time for a new approach to retirement benefits and savings? It’s not often that we need to rethink our approach to  retirement savings  But it’s well overdue. Especially after a year of economic uncertainty due to COVID-19. In fact, 31% of households withdrew money from their 401(k) and 27% borrowed against it during COVID. This is not to say that you should look to replace the 401(k), but it does mean complementing that approach to combat increasing retirement concerns and the retirement gap of employees is the new mandate. 

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