Tag: retirement savings
The brief’s key findings are: A recent CRR analysis of a FINRA Investor Education Foundation survey found that financial satisfaction depends much more on meeting day-to-day, rather than distant, needs. This study explores whether households of all ages and income levels are also shortsighted. The results confirm that distant needs, like retirement saving, consistently take a back-seat…
Catch-up provisions had only a modest impact on saving. Under current law, individuals can contribute up to $18,000 per year to a 401(k) plan and those 50 and older can make an additional catch-up contribution of $6,000. Despite the fact that less than 10 percent of participants are constrained by these ceilings, many suggest that…
