Tag: retirement savings

Four in Ten Millennials Waiting to Save for Retirement

Thirty-six percent of young adults who are both paying off debt and saving for retirement but who have made paying off debt their No. 1 priority feel “very good” about their financial health, whereas this is only true for 23% of those who have made saving for retirement their No. 1 priority.

Missing Retirement Plan Participants Fare Better Than Those Who Cash Out

Despite intense DOL activity surrounding missing retirement plan participants, at least those participants’ retirement savings are preserved, say executives at Retirement Clearinghouse. And, focusing on a solution to retirement plan cashouts may actually help plan sponsors find missing participants.

Why Is It Recommended to Save 15%?

Most retirement experts currently recommend saving 15% of annual income. “There is mathematical backing to what we suggest,” says Roger Young, senior financial planner at T. Rowe Price.

Barry’s Pickings: Borrowing to Save

Michael Barry, president of October Three (O3) Plan Advisory Services LLC, provides the math for why it makes sense to pay off debt before saving for retirement.