Tag: retirement savings
The brief’s key findings are: 50 percent of working-age households are at risk of falling short in retirement. The question is how much would additional retirement saving improve the picture? The results show that boosting the 401(k) contribution rate for eligible workers by 5 percentage points would only modestly reduce retirement risk overall. The impact…
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…
