Tag: IRA
The baby boomers born in the early 1960s, at the tail end of the demographic wave, had about $280,000 in retirement wealth when they reached their early 50s. That’s significantly less – about $50,000 less – than the late-1950s boomers had at the same age. Some of this shortfall might’ve been anticipated for the youngest…
Left to their own devices, Americans who lack a retirement savings plan at work do not usually take the initiative to set up an IRA and save on their own. Oregon lawmakers decided to do something about that, and a new study finds that their approach of requiring employers without a plan to automatically enro…
