John and Jane Average
How much money does the average American earn? How much do they owe? And (since it’s the Tax Filing Deadline Day) how much do they pay in taxes? The Motley […]
Small increases in retirement savings go a long way
The chart below illustrates the difference between steadily saving 5% of income, and starting at 5% but increasing contributions 1% annually until the recommended goal of 15% of income. It […]
Savings vs. Investing – Which is More Important?
Passing along this excellent article by Charlie Bilello. In it, he makes the case as to why focusing on saving is a far more powerful way to secure your financial […]
Closing the Intention-Action Gap
According to a recent Bank of America Merrill Lynch study, there’s a gap between a pre-retiree’s intention to save for retirement and the actions they actually take to save for […]
How Much is Enough?
When tackling the question of how much money to have saved up for retirement, there are 2 ways to think about this. The first is what I’d call the stockpiling […]