Social Security Isn't 'Going Away'
Without program changes, younger investors may see reduced benefits, but don't bet on payouts going to zero.
Without program changes, younger investors may see reduced benefits, but don't bet on payouts going to zero.
I wrote a response to the recent Twitter outrage over a MarketWatch article that advised workers to have 2 times their salary saved by age 35.
To show readers how they could achieve that goal, I computed the per-paycheck 401(k) deduction that would help you save twice your salary by age 35 and determined that a savings rate of 15% of your pretax salary would give you a good chance of getting there.