5 Top Habits of the Best Retirement Savers
The majority of Americans aren't saving nearly enough for retirement, but millions of younger workers are greatly concerned with not having enough money to provide the financial security they'll need to eventually leave the workforce. A survey by Principal Financial Group took a closer look at the habits of the most effective retirement savers, and found that there are a few key habits that many people in this group have in common.
Principal Financial surveyed more than 2,400 retirement-plan participants in the 23-51 years old age group who are actively contributing at least 90% of the IRS's maximum for elective deferrals. This means that all of the individuals surveyed are contributing at a rate of at least $16,200 per year to their retirement accounts, and that's not including any matching contributions from their employers.
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Source: Fool.com
