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Do We Have a Retirement Saving Crisis?

{ 104 comments } Do we have a retirement saving crisis?

Do we have a retirement saving crisis? The retirement financial guys certainly think so. The National Institute on Retirement Security's ongoing research* shows that we are in bad shape collectively. There hasn't been much improvement even after a long period of economic stability. Retirement saving is still dangerously low especially for almost everyone. 90% of the households […] Read More

Why Families Should Live on One Paycheck

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Wow, a lot has changed in 5 years since I wrote this post. In 2011, I was very unhappy with my job and I needed to make a drastic change. We saved as much as we could and cut back our spending to prepare for my early retirement. A major part of the preparation was […] Read More

How to Retire In 10 Years

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Is it possible to retire in 10 years by working hard and saving a large percentage of your income? Yes, it is possible, but this requires a lot of sacrifice up front. Honestly, I think 99% of the working population don’t pay much attention to retirement and they just don’t know what’s possible. I certainly […] Read More

3 Reasons to Save More Than 15%

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How much do you need to save to have a comfortable retirement? The consensus from the financial industry is you should save 10-15% of your pre-tax income for retirement. Personally, I think this saving rate is too low and this advice is doing a disservice to young people. A new graduate who is starting a […] Read More

Are You Hoping for The Stock Market to Fall?

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Is anyone else hoping for the stock market to fall? The S&P 500 index dropped over 10% earlier this year, but it has been on the upswing for the last two weeks. I’m hoping the stock market would fall even more because I haven’t finished contributing to my solo 401k for 2015 yet. I contributed […] Read More

College Savings is a Retirement Problem

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The following article is by Kristi, our staff writer. She is a great freelance writer, blogger, wife, and stay at home mom of two. Starting out in your first real job, either fresh out of high school or after you receive your college diploma, you feel like you have all the time in the world to […] Read More

Reader’s Question – Is Greg Saving Enough?

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Hey Everyone, Today we have a question from Greg. His household income increased greatly over the last two years and he has some questions. I'll try my best, but I don't have any experience with this level of income. My advice might not be on target so I'd love some help from everyone. Greg's Questions […] Read More