Tag: 401k retirement savings

A businessman is looking at a graph on a monitor

It is always interesting to look at Vanguard’s most recent edition of “How America Saves.”  And it is particularly interesting to get the numbers for 2022 – not a good year for the stock market.  Indeed, the news isn’t good for 2022.  More importantly, the longer-run trends – despite a great expansion in auto-enrollment –…

Hand holding coins in birds nest.

The brief’s key findings are: 401(k)s/IRAs have the potential to provide significant wealth. But a typical 60-year-old with a 401(k) in 2016 had less than $100,000 compared to a potential $360,000 in combined 401(k)/IRA assets. Four factors could explain this gap: the immaturity of the 401(k) system, the lack of universal coverage, leakages, and fees…