Archive: Financing Retirement

Older couple sitting at a table looking at laptop screen paying bills online

Late Boomers have surprisingly low levels of retirement wealth compared to earlier cohorts.  A decline in some wealth components had been expected as a result of the rise in Social Security’s Full Retirement Age and the shift from defined benefit to defined contribution plans.  But increasing 401(k)/IRA balances were predicted to offset the gap, sinc…

Money bag with coins and a lifebuoy on a gray background

For 20 years, I have liked the idea of attaching a credit card to 401(k) accounts so that account holders would have an easy source for emergency saving.  My colleagues mocked me mercilessly.  Now that they have moved the need for emergency saving to the top of the retirement policy agenda, some – not a…