Personal finance columnist Gail MarksJarvis joins Tom Weber at 11:20 to talk about retirement savings.
According to the Employee Benefit Research Institute, “Just 14 percent are very confident they will have enough money to live comfortably in retirement.”
The bull market ended with the bursting of that bubble in 2000. My tech-laden portfolio was cut in half. A half-dozen years later, I got divorced, cutting my 401(k) in half again. A few years after that, I bought a house that needed some costly renovations. Since my retirement account was now hopelessly inadequate for actual retirement, I reasoned that I might as well get some use out of the money while I could. So I threw another chunk of my 401(k) at the renovation. That’s where I stand today.
Do you feel as bad off as Nocera?