Financial security in retirement doesn’t just happen. It takes planning and commitment and, yes, money.
- Fewer than half of Americans have calculated how much they need to save for retirement.
- In 2012, 30 percent of private industry workers with access to a defined contribution plan (such as a 401(k) plan) did not participate.
- The average American spends 20 years in retirement.
Putting money away for retirement is a habit we can all live with. Remember…Saving Matters!
Read more ›
It’s not easy being a millennial these days.
Sure, they may have piled up the trophies in their childhood, but millennials are now old enough to be attending college or embarking on careers. And they are doing so as they contend with a number of special challenges, from staggering levels of student debt to global job competition to anemic wage growth.
The problem is, those challenges make it all too easy for millennials to put off developing savings habits that could ensure a secure future. So says a new report from J.P. Morgan Asset Management on millennials and money, which has also calculated what millennials need to be saving for later life.
Read more ›