Consumer News Are You Putting Off Saving For Retirement

A ‘tale of two retirements’ shows only the rich are saving more — while most Americans are putting away much less

There’s a stark divide among Americans when it comes to retirement savings. Most U.S. workers struggle to save and invest for their older years, putting themselves at risk of running out of money ... Read More

Top earners are saving more for retirement. Everyone else is saving less.

A new report on retirement savings suggests that only top earners are making real progress. Everyone else is saving less. Read More

More Americans are living paycheck to paycheck, putting retirement out of reach, report finds

Many Americans are eager to put money away for retirement, but that goal is increasingly out of reach because more workers are living paycheck to paycheck, a new Goldman Sachs study finds. Roughly 42% ... Read More

11 clear signs that your retirement fund is deficient

You might daydream about retirement, but actually planning and stashing away money can feel like a nightmare. Indeed, some people push it out of their periphery, instead focusing on short- and ... Read More

Most Americans are falling behind in saving for retirement. Here’s how they can make up the difference.

The majority of Americans won’t have enough money to retire and maintain their current lifestyle, forcing them to either cut their spending or work longer to make ends meet. According to a new ... Read More

Nearly half of Americans ‘aren’t ready to retire’, study reveals — here’s why making a plan for income in retirement is crucial for your golden years

Having a plan really does pay off. Research from T. Rowe Price found that individuals with a formal financial plan had two to four times more wealth when entering retirement compared to those without ... Read More

The IRS Set New IRA Contribution Limits—Would You Be Prepared for Retirement If You Saved That Much Every Year?

How much would you have by age 67 if you contributed $7,500 to your IRA every year starting at age 27? And is it enough to retire or should you save more? Read More

Worried You'll Run Out of Retirement Savings? Here's What to Do

To be able to take a decent sum out of your retirement account each year, that money needs to be invested strategically. You may be inclined to move out of stocks completely in retirement to unload ... Read More

Will Younger Generations Win the Retirement Race?

Millennials often get a bad rap, unfortunately. But there is one way they are just edging out their baby boomer or Gen X parents: their preparation for retirement. And Gen Z could be in an even better ... Read More

What is ‘revenge saving’ (and should you be doing it)?

Hayes isn’t an outlier. She’s part of a subset of Americans shifting their focus from spending to super-saving — a trend known as “revenge saving.” “Revenge saving” translates to saving very ... Read More

Most Americans are falling behind in saving for retirement. Here's how they can make up the difference.

The savings shortfall comes as Social Security faces insolvency, people are living longer and inflation outpaces earnings gains As many as 58% of Americans will fail to maintain their standard of ... Read More