Tag: retirement preparedness
Over two-thirds of U.S. private sector workers have access to a 401(k) or similar employer-sponsored retirement plan; and over four-fifths of these plans offer an employer “match” – an additional contribution that depends on how much the employee saves…
Emergency expenses are eating up a lot of retirees’ money. A few months ago, a colleague asked me what I thought about annuities in 401(k) plans. Before Harvard reclaims my Ph.D., let me lay out the merits of annuities. Annuities are contracts that provide a stream of monthly payments in exchange for a premium. T…
