Home Tags Retirement Savings

Tag: Retirement Savings

The author is not pictured.

My retirement savings lost $138 within a month of opening my IRA, but I’m not worried about it

About a month after opening a Wealthsimple SEP IRA, she noticed her investments had lost 1.2% of their value. But she didn't mind.
Being good with money doesn't come naturally to most people.

A fifth of Americans feel financially unprepared, even though they’re doing the best thing for their future

Between retirement savings, debt, and income, there are several factors contributing to a healthy financial life — or at least, the perception of one.
Bethany and her fiancé Charles.

My fiancé and I live on half of our income so we can pay off $75,000 in student loans and still save for retirement. Here’s what a typical ...

Bethany McCamish is a freelance writer and designer who lives in Vancouver, Washington, with her fiancé, an electrical engineer.
Just 5% of retirees say personal savings is their primary income source.

Millennials know their retirement won’t look like mom and dad’s, and they’re already planning ahead

A new Wells Fargo survey found that 86% of US retirees live primarily on income from Social Security or a pension. It'll be different for millennials.
Gen X is in worse financial shape than millennials when it comes to retirement.

Only half of Gen Xers have a retirement account, and that’s a catastrophe in the making

Americans tend to earn the most money from their late 30s to early 60s, making it a crucial period for socking away extra income for retirement.
Millennials most likely to say they can't afford to save earn less than $50,000 a year.

The big reason why millennials haven’t invested in their 401(k)s: They don’t make enough money

Many millennials who aren't saving for retirement said they were unemployed or not worried about it. But most of all, they just can't afford to save.
The author is not pictured.

6 places I ‘hide’ money from myself to build wealth for the future

I'm moving my money to high-yield savings, a Roth IRA, and more places where it will grow and be too annoying to tap into just for a passing desire.
More than half of millennials don't have a retirement savings account.

12% of millennials have taken the first step toward saving for retirement — and stopped

In a new Insider and Morning Consult survey, 12% of millennials said they have a retirement savings account but don't contribute to it.

Bernie Sanders and Kamala Harris want to erase student debt and reform healthcare by taxing Wall Street. But a new study shows college and retirement ...

"The real burden gets placed on the savings community," Kirsten Wegner, CEO of the Modern Markets Initiative, told Markets Insider.
Many younger American workers want to retire around age 65.

How much money you need to retire at 65 and live on investment income alone till 90

Less than half of US workers have 401(k)s or IRAs for retirement savings. Of the older Americans who do, the median balance is only $88,000.