Archive for the ‘Retirement’ Category
Retirement savings plan: more transparency, more choice?
Posted: February 5, 2012 at 9:47 am
Retirement savings plan – the 401(k) – would give clearer guidance on fees and offer retirees more options, according to new proposed rules. One proposal would allow part of a retirement savings plan to convert to an annuity.
The Obama administration is taking steps to make the fees charged in a 401(k) retirement savings plan more transparent and broaden the options retirees have for drawing on their nest egg.
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The U.S. Treasury Department and Department of Labor each set forth new rules or proposed regulations that apply to 401(k) plans on Thursday.
Treasury's proposed regulations would make it easier for people with 401(k) plans to receive part of their funds as an annuity, a plan that pays out regularly over a lifetime.
Such plans can be useful options because people are living longer and some may end up outliving theirsavings or, fearful of such an outcome, hold back on spending more than necessary.
"Having the ability to choose from expanded options will help retirees and their families achieve both greater value and security," Treasury Secretary Tim Geithner said in a statement.
Upon retirement, people with savings in a 401(k) plan typically are given the choice to take a lump sum or receive funds as an annuity. The proposed regulations seek to make it simpler for companies to offer employees combinations of an annuity and a single-sum cash payment, and make it easier for retirees to buy so-called longevity annuities. Those start paying out when beneficiaries hit an advance age, say after age 80.
Treasury plans to finalize the regulations by the end of the year.
In addition, Treasury issued rules that apply to employers who offer 401(k) and defined benefit pension plans, which also pay out a set amount over a lifetime.
The rules aim to spell out the steps employers can take to let workers shift funds from their 401(k) accounts to their defined benefit plans, and clarify that employers can offer workers the option to use 401(k) savings to buy deferred annuities and still satisfy guidelines aimed at protecting a beneficiary's spouse.
Both rules went into effect on Thursday.
Labor's rule requires certain firms that run 401(k) and pension plans to disclose investment fees and other costs to employers.
Retirement plan companies will have to disclose direct and indirect compensation that they receive in connection to the services they provide.
Those firms must comply with the rule no later than Aug. 30.
"When businesses that sponsor retirement plans, and the workers who participate in those plans, get better information on associated fees and expenses, they'll be able to shop around and make informed decisions that will lead to cost savings and a larger nest egg at retirement," said Secretary of Labor Hilda L. Solis.
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Retirement savings plan: more transparency, more choice?
5 Biggest Retirement Planning Mistakes – Video
Posted: February 3, 2012 at 5:51 am
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5 Biggest Retirement Planning Mistakes - Video
Players tackle Manning retirement rumors – Video
Posted: February 2, 2012 at 9:43 pm
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Players tackle Manning retirement rumors - Video
Treasury, Labor Department announce retirement proposals
Posted: at 9:43 pm
The Obama administration proposed new rules Thursday to help retirees make their savings last throughout their lifetime -- by investing in annuities.
By taking out some of the regulatory roadblocks that have made annuities less attractive for employees and employers to add to their retirement plans, the government is hoping to give more Americans ways to keep income flowing later in life.
Annuities are investments that pay out fixed amounts of income at a future date. Depending on the type of annuity, you can receive payments on a monthly, annual or lump-sum basis.
The retirement rescue plan, which was announced in a joint press release by the Internal Revenue Service and the Treasury Department, comes at a time when an increasing number of Americans are being forced to wait longer to retire and find themselves without enough money to live comfortably once they do reach their golden years.
The proposals are an extension of other measures that President Obama has put in place to help Americans save for retirement, including automatic enrollment in 401(k)s. The latest proposals will have to be approved by Congress.
Partial annuities: The first proposal would offer employees more options when it comes to how they cash out their pension plans at retirement. Upon retirement, employees typically face the option of either cashing out their pension or getting a lifetime income stream through an annuity. For many retirees, it's often much more appealing to just take the lump sum.
Don't outlive your savings: How annuities can help
Yet, this option often leads them to come up short on funds later on in retirement. To prevent this from happening, the government is encouraging retirees to take a combination of both approaches, or a partial annuity. The pension holder gets both a lump sum of money immediately upon retirement, but also receives income payments throughout retirement.
Many accounts don't offer this option, or if they do, employees are largely unaware it exists. In order to make this option clearer and more attractive, the government said it wants to simplify the way partial annuities are calculated, so that it's easier for employers to realize the potential benefit of this option and advertise it to employees.
Longevity annuities: The government also wants to make it easier for employees to invest in longevity annuities through their 401(k)s and IRAs. To do so, it wants to provide relief from minimum distribution requirements that could cause them to run out of money in retirement.
Want to buy an annuity? Don't wait for higher rates
Longevity annuities typically don't start making income payments until the investor is well into retirement, say 85 years old. When offered in 401(k)s and IRAs, these annuities are funded using part of the employee's retirement savings.
Under the minimum distribution requirement, individuals must begin taking payouts from their retirement plans soon after age 70. That minimum distribution amount is typically calculated by dividing the employee's entire account balance by their life expectancy.
Even though the retiree may not have access to the funds in the annuity, it's still used in the calculation that determines how much they must withdraw, putting them at risk of running out of money before they can access the funds from the annuity. As a result, many employees don't invest in longevity annuities.
In order to encourage more employees to choose this option, the government is proposing to ease the minimum distribution requirements for longevity annuities.
For annuities that cost up to 25% of the account balance or $100,000 (whichever is less) and that are scheduled to begin distributing income by age 85, the value of the annuity will not be included in the minimum distribution requirement calculation until the annuity begins.
401(k) fee disclosure: In addition to the new annuity proposals, the government also finalized a set of rules aimed at boosting transparency in the retirement market and allowing employers to shop around for the best plan.
Watch out for hidden 401(k) fees
The new rules require 401(k) providers to disclose to employers the fees that they pay for retirement plan administration and money management. The original deadline for compliance by the plan sponsors has been pushed back by three months, to July 1, the government said Thursday.
A separate proposal that would require 401(k) providers to publish a concise and easy-to-understand "roadmap" of their fees for employers was delayed prior to Thursday's announcement, but will be introduced in the "near future", according to the agencies.
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Treasury, Labor Department announce retirement proposals
Retirement savings: Will $4 million be enough?
Posted: at 9:43 pm
I hope to have $4 million saved by the time I retire in 30 years. That sounds like a lot of money, but how much would that be in today's dollars? -- Brian
It would seem as if $4 million should be enough to fund a comfy retirement 30 years from now. But you're right not to assume it will be sufficient.
One key issue is the purchasing power of future dollars versus today's dollars. Most people are not accustomed to thinking of money in real, or inflation-adjusted, terms. They use a calculator, plug in the amount they plan to invest for the next 10, 20 or 30 years, throw in a rate of return (often too high) and come away with a big six- or seven-figure projected nest egg that they think shows they'll have it made in the shade in retirement.
But psychologists and behavioral economists are familiar with our tendency to overestimate the value of future dollars. They even have a name for this phenomenon: money illusion.
Four million bucks does sound like a lot of money -- and it still will be even 30 years from now. But it won't be worth anything close to $4 million today.
Unless we go through a sustained period of deflation, inflation will erode the future purchasing power of that sum until, to quote that great economic thinker Yogi Berra, "a nickel ain't worth a dime anymore."
Even if inflation were a relatively modest 2% a year, $4 million in 30 years would have the purchasing power of about $2.2 million today. And if inflation heats up to a 4% annual pace, $4 million in 30 years would be the equivalent to about $1.2 million today. Hardly chicken feed, but a long way from $4 million.
Best New Money Moves
If you'd like to see what any sum in the future is worth today at different rates of inflation, check out this present value calculator.
Another key issue is our propensity to view the goal of retirement planning as accumulating a single large sum. The best example of this way of looking at retirement is the too-often-heard phrase, "What's Your Number?"
It's better to focus on the annual income you'll need in retirement rather than some big lump sum. Yes, both are estimates, but income is something that's more easily translated to a lifestyle. Besides, a big number can give you a false impression of how well off you are, as it may not generate nearly as much annual income throughout retirement as you think.
For example, using the 4% rule, a common metric for turning assets into income with a high probability of it lasting at least 30 years, a $4 million nest egg would generate about $160,000 in annual retirement income.
That's in 2042 dollars, however. In terms of purchasing power, $160,000 would be the equivalent of about $88,000 today, assuming 2% inflation over the next 30 years, or roughly $49,000, at 4% inflation. Still meaningful sums, but they don't conjure up that feeling of having hit the jackpot that $4 million does.
One more issue that goes to the heart of retirement planning -- how do you know whether you're saving enough to give yourself a realistic shot at a secure retirement?
You hope to have $4 million socked away by the time you retire in 30 years. But what does that figure represent? Is it the amount you project having based on how much you save and what you expect your investments to earn? Is it the amount you think you'll need to maintain your pre-retirement lifestyle?
Should I contribute to a traditional or Roth 401(k)?
It's hard to get an accurate fix on how much you'll need to save for a retirement that won't begin for several decades. There are a lot of unknowns -- how much you'll earn in the future, what sort of lifestyle you'll lead over the next 30 years, how long you'll live.
You may not be able to save as much as you envision due to layoffs or higher-than-expected living expenses. Your investments might not earn what you expect. You could be forced into retirement earlier than you wish by health problems or a "rightsizing" at work. No one can foresee how things will shake out over the next 10 years, let alone the next 30. By going to a tool like our Retirement Planner or T. Rowe Price's Retirement Income Calculator, you can make some reasonable assumptions about how much you'll need for retirement, how much you should save and how you should invest. From that, you can get a sense of your chances of achieving a secure retirement.
Your assumptions aren't going to be spot on. Life and the financial markets are too unpredictable. But updating your information and assumptions in light of actual experience and re-doing this exercise every couple of years will help monitor your progress. You can make adjustments in the amount you save, how you invest or your planned retirement date. By making a number of small course corrections over the years, you'll reduce the chances of having to make dramatic changes on the eve of retirement.
Ask the Help Desk your retirement planning questions
Instead of wondering what $4 million will be worth in 30 years, I recommend that you focus on getting a realistic idea of how much you should be saving and how you should be investing to retire in comfort -- however many years from now that may be and however large a nest egg you'll eventually need.
MONEY magazine is researching an article on ways to reduce the financial pain of college. We're looking for families that can talk about new and creative ways that they're raising cash for college and cutting costs while they're there. Sound like you? Tell us your story and you might even get your picture in the magazine! E-mail Beth_Braverman@moneymail.com.
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Retirement savings: Will $4 million be enough?
Start Saving for Retirement Early
Posted: at 9:43 pm
Retirement saving is a long-term game, and we need to start preparing as soon as possible. It is getting more difficult every year to retire. Pensions are disappearing and Social Security payments might be reduced. And, according to Vanguard, the average 401(k) balance is less than $80,000, far below what is needed to retire comfortably.
[See The 10 Best Places to Retire in 2012.]
It is essential to keep retirement in mind as soon as you get your first full time job. You might not be able to save a lot right away, but there are two key things you can do to set aside funds for your retirement:
Avoid lifestyle inflation. Most of us are not saving enough. From new college grads to mid-career office workers, we are spending too much of our income without knowing where it all goes. There are so many things to spend money on, including luxury cars, expensive clothes, and the latest gadgets. All these things were not necessary 20 years ago, so why do we feel the need to spend so much money on such items now?
I'm not saying you need to live like a pauper. But if you carry a credit card balance, then you should re-examine your spending habits. Cutting back on unnecessary luxuries can allow you to save more for your future and avoid lifestyle inflation. One easy thing that you can do is to allocate a portion of any raises or bonuses you may receive toward your savings instead of spending it. This way you will increase your savings rate every year.
[See How to Save for Retirement on a Low Income.]
Build wealth. The other essential component to retirement saving is to build wealth. There are many ways to accomplish this over the long term. Many people focus on doing a great job at work and subsequently climb the corporate ladder. But it is important to be aware of other avenues of wealth building, too. You could learn to invest in the stock market, become the landlord of a rental property, or freelance on the side. Many people return to school and invest in an advanced degree to increase their earning potential. Some of us even make a bit of extra money from blogging and other online ventures.
Once you have increased your personal income, you need to learn to invest it. That way the funds will keep on growing with a minimum amount of effort on your part.
[See How to Take Advantage of New 401(k) Fee Disclosures.]
Building retirement savings is not easy, so the earlier you start, the better off you will be. A new college grad may not earn enough money to save much of it, but if she keeps her lifestyle inflation down and takes advantage of wealth-building opportunities, then she will be able to grow her retirement savings steadily over her working life. If we increase our efforts to save a bit every year and also take steps to earn more, retirement may not be so far out of reach.
Joe Udo is planning an exit strategy from his corporate job by reducing expenses and increasing passive income. He blogs about his journey to early retirement at Retire by 40.
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Start Saving for Retirement Early
ING Study: Cultural Influences Impact Retirement Planning and Decision-Making
Posted: at 3:38 pm
WINDSOR, Conn., Feb. 2, 2012 /PRNewswire/ -- ING U.S. released key findings today from a comprehensive study(1) commissioned by the ING Retirement Research Institute that examined the attitudes, behaviors and preparedness of different ethnic groups, including African-Americans, Asians and Hispanics, regarding their future retirement. The research showed that while Americans of all backgrounds encounter similar barriers to saving and planning, cultural differences account for disparate experiences among the groups. For additional information or to view the report, visit http://ing.us.
To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/54466-ing-study-cultural-influences-impact-retirement-planning-decision-making
According to the study, Retirement Revealed, all populations found retirement planning to be a daunting task. However, ING's research showed that Hispanics feel the least prepared, with 54 percent indicating they feel "not very" or "not at all" prepared. This compares with 50 percent of African-Americans, 48 percent of white and 44 percent of Asian respondents indicating that they don't feel prepared. These feelings correspond with the amount saved in employer-sponsored retirement plans, where Hispanic respondents reported having the lowest average balances ($54,000) in their retirement plans. This amount was considerably less than the average balance across all groups ($69,000). In contrast, Asian respondents reported having the highest average plan balances ($81,000).
"All Americans face the growing responsibility of planning and saving for retirement. However, there are distinct cultural differences that may affect some groups more than others when it comes to getting or staying on the right path," said Maliz Beams, CEO of ING U.S. Retirement. "As a leading retirement provider at the workplace and in the retail market, our mission is to help individuals retire with the dignity and financial security they deserve. Our goal is to take the important cultural reference points from this study and turn them into customized solutions that help all our customers become better prepared — regardless of their background."
Other key findings from the Retirement Revealed study include the following:
Financial Information:
Non-whites were more likely than whites to get their investment information and guidance from the Internet and media. African-Americans (54 percent), Asians (53 percent) and Hispanics (50 percent) indicated that the media and Internet were the primary source of getting advice and guidance compared to 45 percent of white respondents. Whites were more likely to use a financial professional. While nearly one-in-three (28 percent) of overall respondents are currently working with a financial professional, only three-quarters (75 percent) of this group indicated their adviser looks at their complete financial picture. Face-to-face communication with a financial professional is ranked the highest in terms of value provided in getting information about their retirement plan and other employee benefits.
Barriers to Saving:
Nearly three-quarters (73 percent) of respondents admitted to having barriers to saving. Among the groups, African-Americans said debt was their biggest barrier. Needing to know more about their savings options is a greater barrier to savings for Hispanics than for any other group.
Planning Goals:
Hispanic respondents were less focused on their future retirement goals — well over half (57 percent) have never calculated how much money they will need to continue their current lifestyle upon retirement. Seven-in-10 (70 percent) Hispanics did not have a formal investment plan to reach those goals. Only three-in-10 (29 percent) of overall respondents have a formal investment plan; African-Americans are most likely to have one (32 percent); whites are least likely (28 percent).
Emergency Savings:
Just under half (41 percent) have virtually no emergency savings (one month or less). This increases to nearly half for Hispanics (47 percent) and 50 percent for African-Americans, while only one-in-four Asians have one month or less saved for emergencies.
Purchasing Priorities:
Asians appear to be most prepared for retirement, but had a tendency to place a higher priority on lifestyle choices, such as purchasing a nice house or car, than planning for retirement.
"There are certainly more similarities than differences among the ethnic groups when it comes to retirement planning, but distinctions do exist and understanding them can be critical to future retirement success," added Fabian Gonzalez, vice president of Multicultural Sales at ING U.S. "For example, many times in the Hispanic community, parents will sacrifice their own financial future in order for their children to advance. By researching and learning about the rationale behind decisions like this, we can better understand our customers and help them achieve their financial goals."
Additional findings from the study include:
Nearly one-in-four African-Americans (23 percent) have life insurance coverage equal to four to five times their salary, higher than the total population (18 percent). This corresponds with African-American respondents indicating that they were the most likely to leave life insurance proceeds to their heirs (70 percent vs. 53 percent of the total sample). More than six-in-10 (63 percent) of African-Americans cite reducing debt as their most important short-term financial goal. Hispanics are the most likely (57 percent) to want more education about investments and retirement options from their employer, compared to all respondent groups (47 percent). Asians are the least likely to have a last will and testament (26 percent), compared with 31 percent for Hispanics and 37 percent for white respondents.
For additional information on the ING's Retirement Revealed study and to read the report, visit http://ing.us.
(1) Findings are from an online survey conducted by ORC International during the period of Oct. 5-13, 2011. Respondents were 4,050 adults (including 500 African-Americans, 500 Hispanics and 350 Asians) between the ages of 25 and 69 who are employed full-time with an annual household income of $40,000 or greater. Data were weighted to make the results representative of the U.S. population.
About ING
ING U.S. is a subsidiary of Dutch-based ING Groep N.V. In the U.S., the ING (NYSE: ING - News) family of companies offers a comprehensive array of financial services to retail and institutional clients, which includes retirement plans, life insurance, mutual funds, managed accounts, alternative investments, institutional investment management, annuities, employee benefits and financial planning. ING holds top-tier rankings in key U.S. markets and serves approximately 15 million customers across the nation. For more information, visit http://ing.us.
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ING Study: Cultural Influences Impact Retirement Planning and Decision-Making
BMO Retirement Tips of the Day: Using Your Common Sense and Planning Ahead Will Help Secure Your Retirement Nest Egg
Posted: at 3:38 pm
TORONTO, ONTARIO--(Marketwire -02/02/12)- As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito's new book 52 Ways To Wreck Your Retirement...And How To Rescue It.
Tip Number Three:
Use common sense
Many Canadians understand that good money management includes saving, not over-spending and investing carefully. The problem is we often don't exercise common sense with our money, which can lead to spending too much, accumulating debt and making bad investment choices. Some tried and true tips for using common sense include:
-- Don't spend more than you earn. Try to save for purchases instead of
borrowing.
-- Be informed before making a financial decision; if it sounds too good to
be true, it probably is.
-- Pay yourself first by setting up an automatic contribution plan.
Tip Number Four:
Save for tomorrow rather than only living for today
When we live for today, we value things we can have right now more than those we will enjoy later on. As a result we often don't prioritize saving for retirement.
While retirement seems far away it should be a top priority. Establishing monthly savings goals will help get you on the right track, as will setting up automatic withdrawals from your paycheque into an RRSP. Start with small contributions - but not too small - especially if you want to give your savings a boost.
For more information on retirement: http://www.bmo.com/retirement.
Get the latest BMO press releases via Twitter by following @BMOmedia.
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BMO Retirement Tips of the Day: Using Your Common Sense and Planning Ahead Will Help Secure Your Retirement Nest Egg
TD Ameritrade Retirement Planning – Video
Posted: at 6:42 am
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10 Ways to Save Your Retirement
Posted: at 6:42 am
We've been talking a lot about retirement lately, partly because the numbers are just so terrifying: Most Americans have less than $25,000 saved. On average, we save between 5.5 and 7 percent of our pre-tax salaries in 401(k) accounts, when we probably need to save at least double that for a decent retirement. And the stock market, with its paltry returns over the last decade, isn't helping us out.
[50 Ways to Improve Your Finances in 2012]
To help alleviate our fears--or at least tell us what to do about them--we turned to Olivia Mitchell, director of the Pension Research Council at the University of Pennsylvania. As the mother of two twenty-something daughters and wife of a recent retiree, she's wrestling with retirement questions in her personal as well as professional life. Here are her 10 suggestions for how we can give ourselves a chance at a comfortable retirement:
Build a bigger nest egg.
Retirement isn't what it used to be, says Mitchell, largely because our standards for what life should be like at age 70 and 80 have changed drastically over the last century. That means the old standard advice, that one should plan to replace around three-quarters of one's pre-retirement income, is no longer sufficient.
"Many boomers have been thinking of doing different things in retirement, and those things will cost money. They're not going to be sitting on the front porch on a rocking chair. They're going to do volunteer work, travel, and do part-time work. Healthcare costs are likely to be a lot higher in the future as well. So it's not obvious our expenses will be easily cut, and taxes will likely go up to help bail out the deficit we're confronting. So a 100 percent replacement rate is a safer place to start," Mitchell says.
Retire at age 65 or later.
The concept of retiring at age 62 is not realistic for many Americans. "A significant portion of the baby boom generation--more than half--is not adequately prepared for retirement, especially if they retire young.... If you delay retirement, benefits will be higher, and you've deferred eating into that nest egg for more years. My husband just quit work at 63, and I said he couldn't claim Social Security until he's 70," says Mitchell.
[See the 10 Best Places to Retire in 2012.]
Don't try to follow your parents' example.
That's because mid-career workers today are unlikely to see a repeat of what their parents experienced: housing prices that grew quickly and substantially. A stock market that blossomed for much of their working lives. And in some cases, generous pensions.
"If we were to extrapolate from our parents' generation, we might think, 'We really don't have to save that much because it's happening automatically.' [But] we now realize that putting all our money in one house is a really silly thing to do. It's not diversified and values can plummet. We saw what happened to the stock market, on top of Social Security and Medicare facing extraordinary financial challenges," says Mitchell.
That's why we can't look to past generations for guidance, and one reason why boomers feel so much angst about their retirement prospects. "They really wish that the past would be replicated in the future, and it probably won't be," she adds.
Save at least a quarter of your income.
Mitchell encourages her own two twentysomething daughters to put aside between 15 and 25 percent of their income now. "If we're all going to live to 100, we're just going to have to put aside a whole lot more money than in the past," she says.
In response, her daughters ask why they should bother, given the low-to-nonexistent interest rates paid on savings accounts and paltry stock market returns. Mitchell acknowledges that there are no easy answers. "That's a huge obstacle we're going to face when it comes to convincing the younger generation to save," she says.
Plan on a second (or third) career for retirement.
"You'll need to retrain, retool, and potentially return to school for a new career. You can't afford to be 50 and have no marketable skills. You have to always push yourself and encourage yourself to take the next step, whatever it is--software on the computer, skills in a profession. If you don't, you won't be employable," says Mitchell.
Proceed as if you're living to 100.
No one knows how long they'll live, which means we should all assume we're living for a long time--and prepare accordingly. "It's very, very expensive to live to be 100, and you don't know if you will be one of those or not," says Mitchell. She adds that women born today have a 1 in 4 chance of living to age 95, especially if they are educated and have access to healthcare. That means setting aside as large a chunk of your income each year as you can manage-- perhaps as much as 40 percent, given the low returns savers and investors currently face.
Invest, even if you feel slightly uncomfortable.
[How to Save Enough for Retirement]
Target-date funds that shift assets into more conservative investments as a target retirement date approaches can help investors who feel overwhelmed to the point of paralysis when it comes to picking funds. "Not doing anything is the wrong response. It's better to save something and put it in a diversified fun with a professional manager who's managing the glide path for you than to do nothing. At least you have a prayer of building up savings," says Mitchell.
Meditate on your future self.
"Saving is just no fun at all. In this world, we feel rewarded by shopping, by spending--you get to try it on and wear it to the next party. Whereas saving is the reverse. You're telling yourself you cannot consume something today, you have to set it aside for a rainy day, or for when you're 90 years old. So it's hard for young people to visualize," says Mitchell.
That's why she's intrigued by new research that suggests that showing people an aged picture of themselves, depicting how they'll look at an older age, helps them decide to save more now. "The idea is to put you in touch with your future self, so you might begin to care about that future self and take good care of that person," she says.
Learn the basics.
"Most of us will never be mathematicians, but we have found that a little bit of knowledge goes a long way," says Mitchell. Her research has found that even a simple financial literacy class in high school, for example, can increase savings rates later in life.
Know that it's not just about the money.
Says Mitchell: "It's worthwhile to invest not just in saving and pension accounts, but in your human capital--you need training to be successful in that last third of life. And I also encourage people to invest in friendships, communities, families, because it is those networks that will help us age more successfully."
Twitter: @alphaconsumer
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10 Ways to Save Your Retirement