Yesterday, I wrote in my personal blog that I voluntarily retired from the National Weather Service, departing with full benefits including a pension and my retirement investments. After spending a decade as a meteorologist and more than two decades as their information technology officer, I had done all that I had set out to do in my career as a federal employee. It was simply time for me to move on and accept new challenges.
Tech businesses and employees should have retirement account options that fit their needs. While they could stick with the traditional 401(k) plan, many other types offer more significant tax benefits and fewer restrictions.
Tech workers’ incomes hit a record high in 2021. The average salary reached over $104,500, with many jobs seeing more than 10%-20% growth in earnings from 2020. Even though this increase is fantastic, it made some of the most popular retirement plans inaccessible.
