Some savers investing in taxable accounts over retirement plans

Ownership rates for employer-sponsored retirement plans have held steady over the past five years but the amount savers are contributing has dropped 5 percentage points, while taxable brokerage account ownership has risen 10 percentage points, according to Hearts & Wallets data. Roth retirement plans and 529 plans are in demand, says Hearts & Wallets CEO Laura Varas, who notes that consumers’ desire to have access to their money for life events or emergencies is driving this trend. MarketWatch