Saving for Retirement

Found 19 Articles.

Poor on $500,000 Annually and its Impact on Saving for Retirement

March 27, 2017

This blog post discusses a segment of the population that has household incomes of $500,000 annually or more. But the households basically have all their money committed before its earned aren’t saving enough to replace their incomes in retirement. The phenomenon applies mostly to people in their 30s or 40s who have children. Both parents […]

Thoughts of Extreme Savers

December 2, 2015

Forbes.com has a new e-book in which it interviewed extreme savers to learn their secrets and methods. This article summarizes some of the key points of the book. It’s interesting, even if you don’t want to go as far as these people do, many of whom are retired or plan to retire before 40. “Saying […]

Another View of the Savings Rate

December 27, 2013

The U.S. savings rate is too low. That’s been a consensus view for some time. But is it inaccurate? This post argues that it is. It argues that the personal savings rate is only part of the U.S. savings. Businesses also save, and they’ve been saving quite a bit for some time. In fact, business […]

Saving Too Much For Retirement

December 23, 2013

More of the retirement planning industry is catching on. For decades, retirement plans revolved around simple rules of thumb such as that you’ll spend about 80% of your pre-retirement income during retirement. At Retirement Watch we’ve warned for decades about these simple rules of thumb. They likely cause you to save too much or too […]

$1 Million For Retirement Is Not Enough?

June 11, 2013

This article shouldn’t be news to anyone who reads Retirement Watch or my books, but it is news to The New York Times that a $1 million retirement nest egg might not be enough for most people. It lists all the mistakes people are likely to make: Investing only in bonds; underestimating life expectancy; forgetting […]

Reconsidering the 80% of Pre-Retirement Income Rule

September 14, 2012

Pick up a standard retirement reference or work with a traditional planner, and you’ll be told that a retirement plan has to save enough to spend 80% of pre-retirement income in retirement. I’ve criticized that a number of different ways in Retirement Watch and in my books. Christine Benz of Morningstar takes up that argument […]

Why So Many People End Up Poor In Retirement

August 23, 2012

There’s a lot of discussion about the number of Americans who enter retirement financially prepared. There are surveys of people that give their self-assessments of their financial position. There are studies of data obtained from the IRS or the Federal Reserve. But one study points out that all these views take the wrong approach. They […]

Americans Still Spending More, Deferring Savings

January 18, 2012

It’s no secret that during the boom years the personal savings rate of Americans gradually declined until at the peak it actually was negative by some computations. The crisis of 2008 was supposed to change that. Americans, rattled by the decline in the values of their homes and portfolios, became more frugal. They were cutting […]

November 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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