June 14, 2006
Who saves for retirement—and who doesn't?
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If you're saving for retirement in an employer-sponsored investment plan, you're in good company. According to How America Saves, an annual report published by the Vanguard Center for Retirement Research, about two-thirds of eligible employees join their workplace 401(k) plan.
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Our old friend / enemy is the time value of money! There's a numerical example that regularly kicks around Wall Street that demonstrates a few years of maximum saving early outdistances lots of years later. For the later boomers and all that come after them had best prepare for the "years of lean" coming soon to a country near you.
Carter style inflation, dramatically higher prices, a lot of bickering squabling and hard luck stories on the horizon.
Reinke Faces Life 