Financial Choices Matter

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Eye Opening Stats Showing How Americans Save

Vanguard’s “How America Saves 2020” report is packed with lots of intriguing stats and findings about Americans and how they save for retirement in the crazy year that is 2020 (most of the recent data is technically from 2019 although some figures are current through the Spring of 2020). Let’s look at some of the top takeaways from the study and how you might compare to the “normal” savings behaviors of Americans.

Show Notes: 

1:14 - Main Topic: Statistics On How Americans Save

1:47 - 100 Million Americans Use A Defined Contribution Plan

4:00 - Average Number Of Funds Used In These Plans Are 2.4

5:36 - 34% Of Participants Didn’t Contribute Enough To Meet Their Employer’s Match

6:46 - Is There A Reason To Not Meet An Employer Match?

7:56 - 80% Of Participants Still Had Assets With A Previous Employer

9:26 - 96% Of Those Assets Are Able To Be Rolled Over Into Something Else

11:16 - Tristen Has Asks About How Divorcing Later In Life Might Affect Retirement

This One’s On The House

We get a lot of questions about how the house (or houses) fit into retirement plans. From downsizing to rental properties to interest rates, let’s explore some of the top retirement questions as it relates to all things housing.

Show Notes: 

2:03 - Main Topic: This One’s On The House

2:25 - Pay Off The House, Or Enjoy The Low Interest Rates?

3:30 - Is It Wise To Downsize?

5:14 - Is A Rental Property A Good Idea?

7:06 - What Complications Have You Seen When Handling Real Estate In An Estate, Or Legacy Plan?

8:53 - Taking Care Of Our Bodies As We age

9:57 - Life Is About Contribution

12:52 - Shelby Asks If Retirement Spending Starts To Decrease After The First 5 Years

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