Finance Expert Jane Bryant Quinn on How Americans Can Save Big For Retirement
By Zoe Henry
Forget the conventional wisdom that a safe approach is best when it comes to gearing up for retirement. It’s become increasingly clear that putting cash in stocks for the long term (as opposed to holding more investment in bonds) is the smarter route.
The truth is, Americans aren’t so hot when it comes to planning for their financial future. Consider that in 2014, they left a staggering $24 billion in retirement money on the table by not contributing to their 401(k)s–even as personal savings saw a spike of 0.9 percent the previous year.