Tag: retirement savings
Why are average 401(k) balances at age 60 only $100,000 rather than $360,000? We recently completed a new study that explains a discrepancy that has bothered me for years – namely, the difference between what people could have in their 401(k) plan and the amount that they actually hold. More specifically, a 25-year-old median earner…
ICI conclusions rest on shaky assumptions and exaggerate levels of Social Security benefits. The thrust of a recent Investment Company Institute (ICI) study – “Who Participates in Retirement Plans, 2016” – seems to be “Don’t worry if young people and others aren’t saving for retirement. Retirement saving isn’t high on their agenda. They will start…
