Retirement Saving: What Comes Natural is Worst Approach
Most people delay saving for retirement until their income goes up and retirement age is on the horizon. It makes sense. But it doesn’t work. Here’s why.
Kadlec's latest is A New Purpose: Redefining Money, Family, Work,Retirement, and Success
Dan Kadlec
Dan Kadlec is a journalist and author who has written extensively about baby boomers, personal finance, the economy and financial education for TIME, Money, CBS and USA Today among others. He has appeared on Oprah, CNBC, CNN, and all the major networks. His most recent book is A New Purpose: Going From Success to Significance in Work and Life. Follow him on Twitter @dankadlec. He has a degree in Communications from Marquette University and lives with his wife and nearly adult children in Westchester County, NY. Read more about Dan at dankadlec.com
Articles from Contributor
In Depressed Athens, a Money Museum Tries to Turn the Tide
As the people of Greece anticipate an even deeper slump and a possible abandonment of the euro, the central bank unveils a museum chronicling the history of money. This is what passes for financial education.
Spain’s Economy May Be a Mess — but It Can Teach the U.S. About Financial Literacy
A nation at the heart of the global debt crisis has a financial-education strategy focused on schoolkids. I speak with one of the architects of the plan in Madrid, where a new four-year plan is in development
True Story: How Young People Can Lock Up Financial Security in 5 Years
A report from T. Rowe Price argues that the first few years out of school are critical in reaching long-term financial security. Starting saving early is so important that you can virtually lock up retirement security by age 30 if you take these four steps
Compound Interest? Huh. Investors Flunk Key Financial Literacy Test
Dodd-Frank financial reform mandated a study on what Americans understand about investments. The results weren’t pretty.
New Frontier in Student Debt: It Stifles the Housing Recovery
With the start of another school year, the air is once again filled with angst over the high cost of college. But the discussion is shifting. It’s not just about runaway tuition inflation anymore, or even the individual …
How Eating Girl Scout Cookies Helps Kids Learn About Money
The venerable Girl Scout cookie drive has morphed from simple fund raiser into a personal finance tutorial for kids, lending the organization heightened relevance as it celebrates its 100th anniversary this year.
How to Save $2,500 a Year on Lunch
Most workers eat lunch out at least once a week. It’s convenient and maybe even fun. But if you simply stop going to the deli or pizza shop you can retire on the savings. The trick is getting set up. Here’s how.
401(k) Plans Back to Pre-Crisis Levels (and Improved)
New data show that the percentage of companies offering a 401(k) match is back at pre-recession levels. Meanwhile, features like advice and auto enrollment are way up. Now, if we can just get workers to pay attention.
Why Higher Future Tax Rates are Certain but Won’t Matter
An important part of retirement planning is estimating your future tax rate. Most financial planners assume tax rates will go up in the future. But while that may be true it doesn’t necessarily mean the amount of tax you pay …
What Do You Mean We’re Going to Get Old?
Everyone seems to want lifetime-income products as a 401(k) option. But our retirement system is so skewed toward accumulating, not drawing down, assets that the income problem managed to catch us by surprise. Change is coming–but not nearly fast enough.
Student Debt: Why Even the Affluent Struggle
Student debt is soaring in the households of the well-off. Will this be a turning point in the way we think about education and how much we are willing to pay for a degree?
