In 2016 in the United States, there were large differences in retirement savings by age. Taking strict retirement savings, households headed by 30-34 year olds averaged $24,254.48 in retirement savings with a median of $700. Households in the final retirement stretch headed by a 60-64 year old averaged $229,101.05 with a median of $16,000. With […]
Editor: Patrice has followed up on his promise to study his strategy – please see his Accumulation Decumulation Study, and visit his writeup on his website. Please welcome Patrice Leblanc to Don’t Quit Your Day Job… today as your guest host! He graduated from the University of Sherbrooke with a degree in Mathematics and has […]
The 401(k) was first introduced in the United States in the Revenue Act of 1978, amending the Internal Revenue Code. It started gaining wider adoption in November of 1981 when the IRS proposed regulations clarifying valid sources of income for 401(k) contributions. This post lays out the complete history of the 401(k) limit from its […]
I’m a sucker for bold graphics (keep that in mind if you want free links!). A graph in the always enlightening “By The Numbers” section on Real Clear Markets caught my eye- it definitely fits the criteria. This article graphs the employment rate amongst people aged 55 and older in various countries, and europe as a whole. Not that unexpectedly, the United States leads the way in this category.