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: Instapundit.comFORGET INVESTING FOR RETIREMENT, now it?s saving for retirement: ?All the ordinary folks out there ?
By Glenn Reynolds
FORGET INVESTING FOR RETIREMENT, now it’s saving for retirement: “All the ordinary folks out there counting on 8-10% annual returns on their investment portfolios to salvage their retirements are headed for trouble. . . . At this point, I think that most people who are likely to be reading this blog should be targeting a savings rate in the range of 20-25% of income, more if they can manage it. Since this is approximately five times what the average American household is saving, this notion is likely to be met with fierce resistance.”
Full post as published by Instapundit.com on February 18, 2011 (boomark / email).
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