Americans looking for ways to contribute to retirement funds can similarly look to their daily purchases — such as their morning cup of coffee — for potential savings, according to a Vanguard Blog for Advisors post by Frank Kinniry
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A daily cup of coffee ends up costing a lot more than you think
Americans trying to contribute to retirement funds can similarly look to their daily purchases — such as their morning cup of coffee — for potential savings
Kinniry notes that while Vanguard recommends saving enough so that retirees can spend 75% their annual income from when they were working, the median account balance among Vanguard retirement plan investors fell by 11% from 2014 to 2015.
But that trend is not irreversible, especially for younger investors.
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