Conventional wisdom has been to plan on spending 4% of your savings annually in retirement; but is that set yearly amount how retirees actually spend? Click here to read more from Pete Finch.
While there are some who become 401(k) millionaires by the time they hit 65, and others who are “Super Savers,” willing to live ultra-frugally in order to max out their retirement contributions now to have a more comfortable retirement later, most of us seek to balance quality of life now with saving for a good quality of life later.
Here are some do’s and don’ts you can think about to make the most of what you are…or should be…doing now. Read More »
Do you know which would have a greater impact on your retirement savings: a) saving an additional 1% of salary for 30 years; or b) delaying retirement by 3-4 months? You might be surprised to learn the answer. Find out here.
Don’t feel bad; you’re not alone. According to a recent study from the Employee Benefit Research Institute “more than a third of those between the ages of 45 and 54 who answered said they had less than $25,000 saved,”
But now it’s time to get focused. Check out these 3 ways to recover from a late start on retirement planning. Read more from Walter Updegrave here.
Starting out on you career? The best time to start saving for retirement is now! Read more here.
Darwin said the organisms don’t need to be the smartest to survive, they need to be the most adaptable. Grey squirrels are a double threat: they are both smart and adaptable, equally at home in the woods, a backyard, or the city.
It turns out they also have a phenomenal ability to change their behavior to survive, including finding, storing, and retrieving nuts.1 This puts them close to humans’ ability to meet a long-dated future goal, such as saving money.
Read more here about what we can learn about saving from our furry friends.