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NYT Financial Columnist Reports Paltry Retirement Savings

Posted on 04/30/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsIn a remarkable confession published Saturday in the New York Times, columnist Joe Nocera wrote in painful detail about how, as he’s about to celebrate his 60th birthday, he is financially unprepared to retire now or any time soon.  The reason: Because he’s got so little money saved in his 401(k) plan. How could this happen to a widely-respected financial journalist who’s spent much of his career writing about the stock market and investing? Nocera cites the usual factors that have landed many other aging baby boomers …