Consumer News Are You Putting Off Saving For Retirement

Are You Saving Too Much for Retirement? Know These Surprising Downsides

Saving can be intoxicating. Watching the balance grow and compound can make you want to save more. It could also cause you to think twice before you spend, if it means you can funnel more money into ... 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

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

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

How Much Do Most People Save for Retirement? Find Out If You're Above or Below Average

One generation tops the list for both highest retirement account balances and largest percentage of income contributed. See where you fall and if you need to save more. Read More

Should You Use Savings to Cover Early Retirement Expenses to Delay Social Security?

Delaying Social Security past full retirement age could result in larger monthly checks. If you don't want to work longer, you may have savings you can use to cover your early retirement expenses. 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

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