Pundits are fond of telling those planning for retirement to save more to support a satisfactory and sustainable standard of living in retirement. But a new paper is challenging that advice.
Those saving for retirement would be better off working longer than bumping up their savings rate by one percentage point, according to the authors of The Power of Working Longer. In this interview, TheStreet’s Robert Powell talks with one of the co-authors of paper, John Shoven, professor of economics at Stanford University.
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