Recent posts by Steve Utkus

Steve Utkus oversees the Vanguard Center for Retirement Research, which studies many aspects of retirement in America—from how individuals start saving and investing in the early part of their careers, to how they prepare for actual retirement, to how they spend down their savings once they’re retired.



The fiscal outlook: Tough choices ahead

By Steve Utkus on August 13, 2010 8:54 am

The long-term budget outlook for the federal government is bleak. What is surprising is that this is considered news.

The forces driving the U.S.’s long-term budget problem have been known for decades. We’ve also known for years that sometime in this decade, the outlook would begin to worsen considerably. And now it has. And no, the deteriorating fiscal situation has little to do with stimulus spending, bank or auto bailouts, or the wars in Iraq and Afghanistan.

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Retirement: Who’s ready, and who’s not?

By Steve Utkus on July 29, 2010 12:10 pm

Here’s the good news: Half of Americans are “on track” financially for retirement.

The bad news? The other half aren’t. Read more »



Retirement savings success

By Steve Utkus on July 14, 2010 3:23 pm

Ask a Vanguard investor about what it takes to be successful at saving for retirement, and he or she would probably tell you to start saving early, save as much as you can, invest in a low-cost diversified portfolio, and stick with your plan through thick and thin.

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The millionaire’s dilemma

By Steve Utkus on June 25, 2010 9:12 am

What’s the typical income of a U.S. retiree? $40,000? $50,000? Higher, lower?

It’s $31,157 as of 2008.

That’s the median income of households age 65 and older as reported by Pat Purcell of the Congressional Research Service. The median means that half of older households had a higher income, half lower. Technically, it’s not the income of “retirees,” because it includes the income of older households whether they are fully retired or still working. Still, it’s a good metric of the income of retired Americans.

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Thoughts on the Greek crisis

By Steve Utkus on June 9, 2010 9:43 am

How can a financial crisis in a small European country have such a large effect on world markets? This is the question I recently received from an investor and a friend.

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