Category Archives: Retirement Savings
Is the Vanguard retirement savings trust a safe investment or a bad idea for most investors? Most financial experts have given the trust a good review and rating but this choice is not right for everyone. This investment choice may be perfect for many small business retirement plans and utilizes a strategy designed to minimize risks
1. Investment Choices Can Vary Significantly- Most retirement savings account choices will offer a list of investments that can be made for the account. IRAs, 401k plans, and other retirement savings plan options will usually have different groups of investment choices that you can choose from. Some will be conservative while others may be higher risk
Retirement savings statistics are not looking good, and this has many Americans concerned. One reason for this situation is the recent economic downturn. This factor has had several effects on savings set aside for retirement. Baby boomers who will retire within the next decade have withdrawn retirement savings just to meet expenses.
The average retirement savings by age has declined in the last decade or so and there have been many reasons given for the decline. In the last decade consumer purchases and domestic spending have been down and that tells us that consumers are not confident about the financial state of affairs and are less likely to have additional money.
When it comes to the average American retirement savings how do you compare with others? Comparing your retirement savings with the average amount saved for your age group can help show you exactly where you rank in this area. If you are in your 20s then the average savings achieved are between $6,759 and $52,268
The average retirement savings for baby boomers and the following generations show some surprising statistics. Baby boomers are over 45 but have not yet reached 65 years old and retirement age. This is the generation that will start retiring within the next decade, and the average American retirement savings in this age group
Planning for retirement is made easier than before by utilizing a simple retirement savings calculator that does not involve any complicated spreadsheets of confusing financial data. All you need to do is answer a series of simple questions and have a retirement planning calculator do all the work for you. Whether you would like to save a million or simply want to have adequate retirement cash flow at a certain age, retirement savings calculator will be able to do all the math for you at no cost.