There is a documented belief that individuals in the United States are failing to sufficiently save for retirement. Financial authors and planners continue searching for the emotional trigger that will spur people to save more. On May 4, Jamie Kalamarides of Prudential Retirement proposed that the possibility of a lifetime income will motivate people to save more aggressively.1 […]
The Wall Street Journal recently published an article in which two experts examine the same data about retirement savings, coming to widely divergent opinions.1 Anne Tergesen interviewed Alicia Munnell, director of Boston College’s Center for Retirement Research, and Andrew Biggs, resident scholar at the American Enterprise Institute. Munnell believes that virtually one-half of today’s working households will find it impossible to […]
There are some difficult facts about retirement saving that must not be ignored. According to data from the “2017 Finances in Retirement Report” compiled by Merrill Lynch and Age Wave, 81% of Americans have no idea how much they will need in retirement. Those who have given thought to this believe that a minimum of 25% of disposable income should be. Unfortunately, those […]