Saving for Retirement

Found 19 Articles.

How Much Have Americans Saved for Retirement?

August 28, 2018

This article discusses a recent analysis that shows how much people in various income groups have in savings. The results aren’t too surprising, though I would have guessed that the median savings of the top 1% was much higher. The average savings in retirement, money market deposit, checking and savings and certificate of deposit accounts […]

Saving Underfunded Retirement

July 5, 2018

Morningstar conducted a study of the best ways for someone who hasn’t saved enough for retirement to ensure a comfortable retirement. It found that taking a number of relatively small actions are the best approach, because there’s no one big action that’s has a high probability of success. The worst action to take is to […]

How Much Should You Be Saving for Retirement?

June 6, 2018

Young people should be saving a lot more than their parents and grandparents. There are a lot of reasons for this, including lower expected investment returns. This article argues that the pattern of contributions make over their lifetimes mean they should be contributing at least 20% of their earnings most of their careers. So during […]

Most Retirees Regret Not Saving More For Their Retirement

January 3, 2018

Here’s something you can share with your grandchildren or adult children if you’re already in or near retirement. More than half of adult Americans say one of the great regrets of their lives is not saving more for retirement, according to a new survey by American Century Investments. The survey also says most people expect […]

The Financial Worries of the Wealthy – Having enough money for Retirement

December 27, 2017

This article is based on a survey done for Personal Capital. The survey asked those with more than $500,000 in investable assets what their biggest financial worries were. The majority said their biggest worry was having enough money for retirement. The third worry was related; they worried that a market downturn would diminish their portfolios. […]

Retirement Account Balances Back to Record Highs

August 4, 2017

The extended bull market in stocks has helped restore IRA and 401(k) account balances hit record highs for the third consecutive quarter, according to Fidelity Investments. Also helping boost balances, of course, are higher contributions from employers and employees. Employees put a record average of $5,850 into their 401(k)s over the past 12 months, a […]

How Much Should You Save For Retirement Each Year?

June 16, 2017

This article is mostly for younger people who are wondering what percentage of their income they should be saving for retirement. The thesis of the article is that there is no good rule of thumb. Each rule mentioned in the article has pros and cons. Here’s a point not made in the article. Save a […]

Managing Debt, Income, and Savings

March 31, 2017

There’s a new book out by Thomas Anderson, The Value of Debt in Building Wealth. The title gives the impression that people should be in debt to maximize wealth, but that’s not what it says, according to this review. Instead, it says that people should be focus on either being debt free or leveraging their […]

October 2020:

Congress Comes for your Retirement Money

A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.
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