The “future of retirement” seems very much on the public’s mind. The topic is surfacing in the press, in the institutional marketplace, and will be the focus of a Washington, D.C., policy forum I’m attending in May. Here are some of my thoughts. I welcome your comments and will try to incorporate them in my upcoming discussions.
It’s very clear that there is a future for retirement. But to me, it’s really a tale of two futures: the future of retirement income, and the future of retirement health benefits.
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I’m at the stage in my career where I’m willing to contemplate the fact that retirement is on the horizon—probably in the next 10 years or so.
Increasingly, I find myself talking about “retirement readiness” with friends and colleagues who are in the same situation. Recently, I had a chance to discuss retirement with a group of Vanguard clients. I found their comments to be quite telling, and pretty much in line with what I’ve already heard from others. Read more »
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?
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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.
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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.
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