Tag: 401k

Senior couple having breakfast in kitchen stock photo

The conventional wisdom for older workers heading into retirement is that owning a house is a good thing. The property has no doubt appreciated over many years, adding to their wealth.  But new research finds that homeowners often strain to a pay a mortgage that is larger than what they can realistically afford. The essenc…

Photo of credit cards

In today’s world, workers need to save if they want to be comfortable in retirement. But there are also limits to what many people can afford. A new study finds that when U.K. workers were automatically enrolled and started contributing to a retirement savings plan, their household debt – credit cards, bank overdrafts, and other…