saving

In response to my recent post about estimating the true cost of ongoing spending, a reader (and blogger) named Edward said: On the flip side, I’m on track to have a fully funded retirement when I am ready to retire. Why forgo a pleasure now to have more money than […]

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How Much to Save for Retirement

by Michael on Aug 16, 2013 · 1 comment

Have you ever wondered how much you need to save to ensure a comfortable retirement? Thanks to retirement researcher Wade Pfau, who used historical data to identify the so-called “safe savings rate,” we have an answer. He investigated both the “maximum sustainable withdrawal rate” (MWR) and the “minimum necessary savings […]

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Are You Saving Enough for Retirement?

by Michael on Mar 27, 2013 · 3 comments

Despite the strong stock market recovery and the gradually improving employment picture, an increasing number of Americans are concerned about their retirement savings. Or at least that’s the message from the most recent survey of retirement confidence by the Employment Benefit Research Institute. Indeed, the percentage of workers who reported […]

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Lifestyle creep is a popular personal finance boogeyman, and for good reason. If you’re not careful, your expenses will increase in lockstep with your income and you’ll never get ahead. But did you realize that you can use the same principles to supercharge your retirement (or other) savings? It’s really […]

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