Survey: Economy Causes Workers to Stop Saving for Retirement

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Hmmm...

Are those numbers correct? That means that 2% of workers are saving at least as much as before the crisis. That seems a bit low. My wife raised her contribution to 20% from 10% in september. Mine is maxed out at 25%. So far, at least, our company matches are still stable. I guess we happen to be lucky enough to be able to position ourselves to profit when the maket adjusts to more reasonable valuations.

Mike of NY @ Jan 06, 2009 12:14:16 PM

The future is now

Budgets based on promises of what you will do in the future are already a failure.

Keep it simple.

Keep spending and savings on a percentage of income basis.

That way, when the amount of income varies, whether up or down, the budget stays the same.

Only the amounts vary accordingly.

But the percentages remain constant.

They are always based on the present instead of promises for the future.

You always do only what you can afford and do not get in debt over your head and lose everything.

Yes, in hard times it limits what you can do.

But it allows you to accomplish your goals.

HillbillyBill of TN @ Oct 31, 2008 09:13:05 AM

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