Tag: Vangaurd
Fluctuations emphasize the importance of Social Security as base retirement income. The recent gut-wrenching falls in the Dow Jones Industrial Average and other market indexes highlight the terrifying nature of our employer-based retirement system. Yes, stocks over the long run have performed well, and the Dow will inevitably recover. But with the aging of t…
New Vanguard report confirms auto-enrollment leads to lower saving rates. Each year Vanguard publishes “How America Saves,” a compilation of an enormous amount of data on the 401(k) plans that the company administers. Because I have been concerned about how auto-enrollment has evolved, I turned to that section in this year’s report. Some background on…
