If you earn a decent income but have trouble saving, the culprits could be the roof over your head and the car in your driveway. Retirement savers who contribute more to their 401(k)s often spend less on housing and transportation than their peers, according to a study by the Employee Benefit Research Institute and J.P. Morgan Asset Management. “It may be decisions that you’re making as you are building your life that will ultimately crowd out saving for retirement, ” says Katherine Roy, chief retirement strategist for J.P. Morgan Asset Management. …read more
Source:: Yahoo Finance
