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Why Americans Should Focus More On Saving, Less On Investing

Thursday, August 25, 2011 - 11:32 AM
From The Smarter Investor (usnews.com)
Much of the financial services industry focuses on convincing individuals that access to the "right" investment ensures progress toward retirement goals. Unfortunately, this approach often neglects the most important aspect of retirement planning: saving.

Ideally, you should aim to save 15 percent or more of your income—including the company match—for retirement. The industry focuses more attention on investing rather than saving because it is easier to convince someone that a single investment holds the key to their retirement dreams than it is to convince someone to save a substantial portion of their income.

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