In July the U.S. Treasury announced the cancellation of myRA (my Retirement Account), a starter-retirement-savings product they launched in 2015 to help people without access to employer-sponsored retirement plans. The Treasury developed this product, under the Savings Bond authority of the government, in recognition of the growing retirement-savings crisis in the United States. It built […]
Tag Archives | retirement savings
America has a saving problem. New savings research provides ideas on how to help, by providing three steps that can help motivate Americans to build a habit of saving.
Partner Dave Richardson explains why myRA–the new savings account that President Obama announced during this year’s State of the Union speech–was built to make it easy for starter savers to set aside a small amount of money at a time in a safe place.
Our consumer society is changing the way it allocates responsibility in a variety of realms. The proportion of Americans covered by a defined benefits plan has declined, and most need to take more personal responsibility for setting aside retirement savings.
What do you do when you need retirement income and you don’t have the years to ride out times of poor interest rates? A member of the Greatest Generation has a creative solution.
An interesting transition in generational retirement planning: generations at opposite ends of the spectrum seek financial independence, but use very different approaches to get there.