, where money saved generates interest on itself. The more years this process has to work, the more savings will grow.
"If you waited an extra 10 years to start saving for retirement, you could be missing out on over half of the possible savings," Amy Oulette, a financial planner and the director of retirement services for Betterment and Betterment for Business,The typical 60-something hasn't yet hit $1,000,000, and that could be a problem
That headline is not just misleading, it's completely wrong. It should read 'Of those Americans who have a retirement account (and have linked it to a particular online system)...'
Pssshhh i wish I had retirement money. I've got $3.00 in my savings account
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I’m old enough to remember articles just a few years back talking about how the average Baby Boomer had $65,000 in retirement. Color me confused.
These numbers seem really high to me.
UHHHH....
All this data skews to the comfortable. How about the MAJORITY of Americans who would struggle to survive an unexpected $400 expense? Or who are facing eviction? You don't think if they had retirement savings they wouldn't take an early withdrawal penalty for that?
Who are these people? 34,000 in a savings account in your 20s. NOT A SINGLE PERSON I KNOW HAS 34K PERIOD. Screw this linked garbage.
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3 signs you're not saving enough for retirement, even if you started years ago - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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