There may be some good news on the retirement savings front. Despite shrinking or steady salaries and rising unemployment at least one financial group says people are saving more for retirement.
During the first half of this year, Fidelity added $22 billion dollars in new assets, the largest amount of any six-month period during the last five years.
The company credits the auto-enrollment programs many employers have implemented which automatically increase workers’ 401K contributions.
Wondering if you’re saving enough or for the right items? Fidelity has put together a quiz which can help you see just how many people are supporting an older child or aging loved one to how much the typical parents pays toward their child’s college education.
You can also find some great information and tips in a blog I wrote last month.