Just saw this—Linda Stern punches holes in some of the more common misconceptions about retirement:
Stern Advice: Busting retirement myths
What she has to say lines up well with my own observations and thoughts. What about you?
Recent posts in the ‘retirement’ Category
A recent article in the Wall Street Journal tells a sad tale of retirement preparedness: The typical pre-retiree baby boomer has less than one-quarter of what he or she needs in a 401(k) plan to retire.
In my view, this assessment is entirely too bleak. As I’ve noted previously, estimating retirement readiness for an entire generation is a difficult task, and the result is sensitive to the assumptions used. Moreover, the issue isn’t a black-and-white question—who’s ready, who isn’t?—but one of degree.
In my February 4 post, I complained about what I perceived as mischaracterization of the performance of target date funds because of reporting that focused on the spectacularly poor results of a few small, unusual outlying target date funds (TDFs).
Well, last week a Government Accountability Office report on TDFs was released, and I’m starting to get a whiff of similarly slanted reporting on a different subject: accusations that these funds are charging “outrageous fees.”
With a new year well underway, at Vanguard our attention is turning to IRAs, 401(k)s, and tax planning. This year, I, like a lot of others, seem to have Roth IRAs on the brain.
In my January 25 post, I looked at two tactical retirement issues: improving savings rates and evaluating portfolio risk levels. In this post, I’ll wrap up with three additional ideas.