Smart Money

Are You Saving Enough?

Boston College’s Center for Retirement Research recently found that about 64% of Americans aren’t saving enough to maintain their standard of living in retirement. Some ways to tell if you’re at risk:
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March 24, 2008

Kim Norton dutifully contributed to 401(k)-type plans for almost 20 years, routinely hitting the maximum contribution ceiling as she built a six-figure nest egg. But the aftermath of the tech bubble convinced her she’d need a bigger security blanket. So the Denver real-estate agent tore up the savings playbook; she started buying property with her IRA funds and flipping it to earn big returns. It’s more risky than traditional retirement investing, but Norton’s willing to take bigger risks for higher rewards—especially now that she’s resolved to build her savings to $2.5 million.

SmartMoney Magazine by Angie C. Marek

July 28, 2008

IT'S 4 IN THE MORNING and you're wide awake, tossing and turning — and not just because you overindulged in the cheese plate last night. Your mind is gnawing on questions about the future: Have I saved enough for retirement? Am I overexposed to the roller-coaster stock market? Am I going to have to downsize my living arrangements from beach house to beet farm?