Tag: saving
How much must 30-somethings save in their 401(k)s to prevent a decline in their living standard after they retire? No two people are alike, but the Center for Retirement Research estimates the typical 35 year old who hopes to retire at 65 should sock away 15 percent of his earnings, starting now. Prefer to retir…
Millennial women may have higher expectations about their financial prospects than their baby-boomer mothers. But Millennial women, just like their mothers, are earning less than their male counterparts and saving less for retirement. The vast majority of single and married men and women, ages 22 through 33, said they recognize the need to save, whether…
