Tag: saving
If a 60-year-old baby boomer started saving consistently at the beginning of his career back in the 1980s, he would have some $364,000 in his 401(k)s and IRAs today. How much does he actually have? One-fourth of that, according to a new study from the Center for Retirement Research at Boston College (CRR). One obvious…
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…
