The Hartford found in a recent survey that 37% of Americans age 45 and older with incomes below $50,000 worry more about rising taxes than those with higher incomes, but are less likely to participate in a 401(k) or other retirement plan that could reduce their taxes. By comparison, 28.5% of those earning $50,000 to $100,000 have such worries, and 32% of those earning more than $100,00 are worried about taxes.

Thus, The Hartford has developed educational materials for retirement plan participants outlining the tax advantages of saving in a qualified or other retirement savings plan.

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