Tag Archives: saving
If you’re not a retirement savings “geek” like me, you may have missed the news that the IRS increased contribution limits for IRAs this year. It’s the first increase we’ve seen since 2008. In 2013, the limits increase to $5,500 … Read more
A few weeks ago, I competed in the season-ending doubles championship at a local tennis club. In the first round, my partner and I lost a tough three-setter to a talented father-son duo.
Now in his 80s, the father had … Read more
It seems that not a day goes by that I don’t see a headline about the soaring costs of college or the crippling debt facing many students upon earning their degree. My thoughts immediately go to my sister and brother-and-law, … Read more
Financial advice usually doesn’t generate buzz on social media as much as, say, a grumpy cat photo or a Harlem Shake video.
But early this week, I came across a few financial words of wisdom on an index card that … Read more
A few months ago, my husband and I experienced debit card fraud. Reviewing our bank account online, I noticed a series of strange ATM withdrawals that we didn’t make. The withdrawals were substantial, adding up to a few thousand dollars. … Read more
I just finished watching a new documentary on 401(k) plans. It was intended to be an exposé of sorts. The program combined criticisms of the U.S. retirement system and financial services industry with sinister music for added drama. After I … Read more
In sixth grade, I’d take my allowance to Phil’s Pizza, exchange the bills for quarters, and feed a week’s worth of funds into the Pac-Man machine. Within 15 minutes, I was broke. To behavioral economists, I was a case study … Read more
One of the most intriguing retirement studies issued in 2012 was by economists James Poterba of MIT, Steven Venti of Dartmouth, and David Wise of Harvard.* Their study looked at wealth holdings among Americans in their late 60s. And one … Read more
If you first learned how to think about saving and investing as I did, from a passbook savings account, bond funds can seem like a world turned upside down. I was reminded of this a few days ago when an … Read more
Here at Vanguard, we’re in our busy season. As clients set New Year’s resolutions to save more and prep for submitting their taxes, we receive more phone calls and emails. There’s a tradition at Vanguard where employees from around the … Read more