Nonprofit Employees Boost Their Retirement Savings - Alpha Consumer (usnews.com): "t's a question that often comes up when I get together with friends who work for nonprofits: Do they sacrifice money for their idealism? Most nonprofits are dedicated to improving the world in some way, but many people who work for them say they could earn more if they defected to the for-profit world. So how much, if anything, are they sacrificing for their career choice?
A new study from Fidelity Investments answers part of that question: At least in the ways they save for retirement, nonprofit workers seem a bit more conservative than their for-profit counterparts—but may have less money to work with. 'They tend to put away, in terms of deferral rates, a little bit more than corporate employees. However, their average balance is less than on the corporate side,' says John Begley, executive vice president of Fidelity Investments."
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