savings
Re-examining the 4% drawdown rule of thumb
It’s been around a long, long time, this assumption that CNBC once defined as “withdraw 4 percent a year, and you have excellent odds of having enough money for 30 golden years.” But now, with all that’s happened and happening…
What’s So Critical About the Year 2030?
Most media folks writing about Social Security’s solvency problem point to 2035 as the crisis year–the year when the program’s trust funds run dry and benefit levels fall by potentially as mush as 25%. But there’s another key milestone in…
The Retirement Savings “Crisis”: MIllennials Speak Up
Despite all the reasons why the “millennial generation” should be focusing on saving for retirement, it still doesn’t appear to be happening. Why, you ask. Well, the National Institute on Retirement Security took a look at this issue and developed some…
Planning on Working in Retirement? What if You Can’t?
The statistics are impressive: 79% of future retirees expecting to hold a job in their retirement years, for example. For some, working fills a social need; for others it fills an economic need. And for still others, having this as…
Yet Another Study: Millennials Deficient in Saving for Retirement
A new study by National Institute on Retirement Security (NIRS) manager of research, Jennifer Brown, suggests that “Most Millennials have nothing saved for retirement, and those who are saving aren’t saving nearly enough.” Her report on the study, titled “Millennials and Retirement:…
Retirement Savings and Defined Contribution Plans: A Fix is Needed
One of the more frequently reported retirement planning issues is what many perceive to be a critical shortfall in savings among future retirees. Time.com’s Money page, for example, not too long ago reported that a third of Americans have accumulated…
Putting America’s “Retirement Crisis” in Perspective
MarketWatch columnist Jeff Reeves takes aim at one of today’s serious issues by providing a chilling recap of the problems facing our country’s retirement system in the years ahead. Noting the dearth of savings on the part of future retirees, the decline…