Tom Kmak
$4.3 Million Or $1.27 Million? What’s The Point Of Scary Retirement Projection Numbers?
The twist is this: The bad news is only a fraction of the people will be able to save $4.3 million for retirement because the average salary is too low. The good news is most people won’t need to save $4.3 million because, thanks to living on a low average salary, they are accustomed to spending far less.
Retirement Readiness: The One True 401k Benchmark Every Fiduciary Should Measure
“The ultimate goal of a 401k plan is to maximize the participants’ retirement readiness.”
Do Common Benchmarks Mislead the 401k Fiduciary?
Regulators tend to focus on the measurable, not the meaningful. What may or may not have relevance in the court of law speaks volumes in the court of common sense.
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