Tag: retirement savings
I recently had lunch with my friend Zvi Bodie, a pretty famous financial economist. He loves inflation-indexed investments. This time he was particularly enthusiastic about Series I Savings Bonds as a way to save not only for retirement, but also for emergencies. Policymakers have become increasingly convinced that having some precautionary savings is essential to…
Vanguard recently released its 2019 edition of how “How America Saves.” This excellent publication summarizes the statistics for the defined contribution plans that the company administers. Vanguard tends to administer larger plans, so the plans are better designed than average and participants have higher incomes. In other words, it presents the best face of t…
