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How your 401(k) plan will change in 2017

The maximum amount most people can contribute to their 401(k) plan won’t change next year — it will remain $18,000 — but plans will change and modernize in several other ways.

Though about 40% of Americans don’t know what’s going on in their retirement accounts, the assets saved within those portfolios will determine how comfortably most people will live for the rest of their lives. Yet, so many Americans are not saving, or not saving properly.

Financial firms, technology companies and government agencies are weighing in now, and experts say the future is full of potential for people and their retirement accounts.

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