Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. But truth be told, 401(k) retirement plans have been a boon to millions of Americans with access to them. In total, 55 million savers held $5.3 trillion in these plans at the end of 2017, according to industry data.

Put simply, 401(k)s work. In addition to providing an income-tax break, the plans are designed to fend off our worst impulses. For instance, you pay a penalty plus taxes due for withdrawing money too early. So people tend to leave money alone to grow and compound — and that’s huge.

We see these mistakes all too often. If you need help with your 401(k), let us know !

All the ways you can mess up your 401(k)

Earlier this week, the world turned its eyes to North Korea as President Trump met with the country's leader, Kim Jong Un, in Singapore. Part of the fascination may be because so little is known about North Korea. Here’s a brief look at the country’s history, economy—and why the government claims its people don’t pay taxes.

North Korea: History and Taxes