Tag: vanguard
Social Security alone is simply not enough, new Vanguard study confirms. People often assume that the retirement needs of low-wage workers are covered by Social Security’s progressive benefit formula. That assessment has never been correct. Social Security was never intended to be the sole source of income for any group of retirees. Social Security replacement…
This was 2022 in a nutshell: more people are saving for retirement but they’re not saving nearly enough. Every year, Vanguard releases its report on the state of the nation’s habits around saving for retirement. Participation among workers with access to 401(k) plans has jumped over the past five years from 72 percent to 83…
