For college-educated workers, earnings at age 25 are typically only 42% of their peak earnings, and in this case, "saving for retirement when income is temporarily low could be suboptimal." (Photo: Shutterstock)
Conventional wisdom has always said that young people should start saving for retirement early in their careers. That may be the wrong approach for some workers, according to a new report from the National Bureau of Economic Research.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
