January 28, 2014
SO WHY NOT START THEM AT BIRTH AND FUND THEM FOR KIDS?:
Retirement prospects are fairly good for people with 401(k) plans (Walter Hamilton, January 22, 2014, LA Times)
Posted by Orrin Judd at January 28, 2014 5:35 PMPeople with access to 401(k) plans for at least 30 years will likely have enough money for a reasonably comfortable retirement.That's the upshot of a new study measuring how Americans will fare in retirement.The combination of Social Security benefits and 401(k) savings will provide most people with at least 60% of their inflation-adjusted pre-retirement annual income, according to the analysis by the nonpartisan Employee Benefit Research Institute.