Tag: retirement wealth
Auto-enrollment without auto-escalation of default contribution rate is part of the problem. One of my favorite publications just came out: “How America Saves.” This annual report from Vanguard 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…
Should today’s workers have to bear the full burden? Social Security is unlikely to appear on the political docket until 2021. (2018 is a congressional election year; 2019 is the lead-up to the next presidential campaign; and 2020 is a presidential election year.) But it is not too early to start thinking about how to…
