Tag: retirement savings
What do groceries, GPS trackers, and prescription drug copayments have in common? They are some of the myriad items caregivers may end up paying for to help out an ailing parent or other family member. And these are just the incidentals. Three out of four caregivers have made changes to their jobs as a result…
The brief’s key findings are: 401(k)s/IRAs have the potential to provide significant wealth. But a typical 60-year-old with a 401(k) in 2016 had less than $100,000 compared to a potential $360,000 in combined 401(k)/IRA assets. Four factors could explain this gap: the immaturity of the 401(k) system, the lack of universal coverage, leakages, and fees…
