Latest News

Over 25% of Americans contributed 3% or less to retirement plans

Put this in the “Uh Oh” column. Javier Simon shares a grim statistic from a Bank of America study— more than a quarter of Americans (26%) saved 3% or less in their 401k plan. Experts believe a 15% savings rate is optimal. Perhaps its inflation causing the low savings rate, but it portends a bleak future for many at a time when Social Security is also in financial trouble with insolvency predicted in ten years. Full article here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers