This is a rather sobering view of the state of America’s “Retirement Readiness” by John Mauldin of Mauldin Economics. One-in-three Americans have absolutely $0 in retirement savings, and 87% of us have less than $300,000.
Ben Steverman notes that much of the hysteria surrounding the forthcoming retirement crisis is a sale-related scare tactic “that’s moved the tone of the U.S. savings and retirement conversation from a constructive call to action to an alarmist frenzy.” Read the full article >>
Evan Simonoff reports “If the New Normal prevails—meaning a 4.5% real annualized rate of return on equities and a 1.5% real returns on bonds—then standard retirement rules like Bill Bengen’s 4.5% withdrawal rate for retirees and a 15% savings rate for workers won’t cut the mustard.” Read the full article >>
“These retirement choices determine how financially secure you will be in retirement.” Read the full article >>
Social Security Planning with a Desire to Spend More in Early Retirement – Mike Piper
16 Weeks to Plan the Rest of Your Life – Steve Vernon