States Are Requiring Retirement Plans

States Are Requiring Retirement Plans

Too many Americans save too little for retirement. This problem has been discussed for decades in all kinds of media, and there seems to be no easy way to solve it. 

Fourteen states are giving it a try, however: they have passed or introduced laws requiring or urging companies to provide retirement savings opportunities to employees. In most of these 14 states, employers must either sponsor a retirement plan, or automatically enroll their workers in a state program.1 

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Underappreciated Options for Building Retirement Savings

Underappreciated Options for Building Retirement Savings

There are a number of well-known retirement savings vehicles, used by millions. Are there other, relatively obscure retirement savings accounts worthy of attention? Are there prospective benefits for retirement savers that remain under the radar?   The answer to both questions is yes. Consider these potential routes toward greater retirement savings.       Health Savings […]

Underappreciated Options for Building Retirement Savings

Underappreciated Options for Building Retirement Savings

There are a number of well-known retirement savings vehicles, used by millions. Are there other, relatively obscure retirement savings accounts worthy of attention? Are there prospective benefits for retirement savers that remain under the radar?   The answer to both questions is yes. Consider these potential routes toward greater retirement savings.       Health Savings […]

Little Things that May Help Your Retirement Savings

Little Things that May Help Your Retirement Savings

Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some subtle factors and seemingly minor decisions could end up making a sizable and positive impact on your financial future.        Your investment yield may be less important than the […]

Quick Look: How Your Retirement Savings Compares with Others Your Age

Quick Look: How Your Retirement Savings Compares with Others Your Age

Have you ever wondered: “Am I really saving enough for retirement?” Do you wonder how your retirement savings compare with others your age? The average person in their twenties has around $16,000 in retirement savings. The average person in their thirties has saved about $45,000. Americans in their forties have median retirement savings of around $63,000. Americans in their fifties have median retirement savings of about $117,000. Americans in […]