A new survey from the Employee Benefits Research Institute and reported in the Wall Street Journal found that 0.2 percent of 401(k) participants have reached $1 million in savings in their 401(k) plans. They keys to this success? Consistent saving over at least 20 years and contributing high amounts – if possible, the maximum annual amount allowed [...]
A recent article in the Wall Street Journal confirms what I pointed out in a recent NCPA study, "Ten Ways to Wreck Your Retirement." Tapping into retirement accounts is not the best option! Certainly, desperate times can call for desperate measures, but it's important to bear in mind the true cost: penalties, taxes and the [...]
To readers who are having misgivings about the stock market, the bond market, your 401(k) or IRA accounts and retirement savings in general: Take a look at the new NCPA policy report, "Ten Ways to Wreck Your Retirement." While some of the ways seem obvious, the recent economic turmoil have left some savers tossing common sense out the window. [...]