Quotes & Sayings About Saving For Retirement

Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to get people to be saving more for retirement. Behavioral economics has helped us learn a lot about how to do that. — Richard Thaler

Step 1: Secure your basic needs: food, clothing and shelter. Step 2: Create a $1,000 emergency fund. Step 3: Pay off all debts as fast as possible, other than your home. Step 4: Increase your emergency fund until it reaches 6 to 10 months of your basic needs. Step 5: Begin saving 15 percent of your income for retirement. Step 6: If so desired, save for your child's college education. Step 7: Pay off your mortgage early. Step 8: Express your values with your money. Tactics That Bring Your Strategies to Life Live by a zero-balance budget, created at — Erik Wecks

Planning to play: that's what saving for retirement is today - and it is antithetical to the nature of play, fully within the definition of work, and blissfully ignorant of the reality of death. — John Thorn

Instead of saving for someone else's college education, I'm currently saving for a luxury retirement community replete with golf carts and handsome young male nurses who love butterscotch. — Jen Kirkman

Citizens of Liberal welfare states become increasingly narcissistic. You know what the big worry of the Western European is? It certainly isn't "how do I protect other countries?", like America worries about protecting countries. 37,000 Americans died saving South Korea from becoming like North Korea. How many Germans died saving South Korea? How many French? How many Italians? How many Spaniards?
We die for others.
You know what the big concern of Western Europeans is? Vacation time. They riot over vacation time. They riot over the retirement age.
RIOTS take place over these issues. This is narcissism. It doesn't matter what is happening in Cambodia. It doesn't matter what is happening in Syria. I want my vacation time. — Dennis Prager

Why do people put off travel until retirement? What are they saving it for? I understand that people want to be financially secure first, and pay off pension plans, but why consign the most active years of your life to drudgery? Why would you sacrifice today's freedom for a future that will always remain uncertain, no matter how carefully you plan for it? I'm not saying that everyone sitting in an office right this minute should drop everything and take off for Central Europe. I'm saying that if you want to see the world, plan for it and do it as soon as possible. The experience will give you the inspiration and fortitude you need to survive being a grown up. — Jessica Zafra

In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift ... I can't show up at this party and not have something for everybody.' — Suze Orman

The great question that hovers over this issue, one that we have dealt with mainly by indifference, is the question of what people are for. Is their greatest dignity in unemployment? Is the obsolescence of human beings now our social goal? One would conclude so from our attitude toward work, especially the manual work necessary to the long-term preservation of the land, and from our rush toward mechanization, automation, and computerization. In a country that puts an absolute premium on labor-saving measures, short workdays, and retirement, why should there be any surprise at permanence of unemployment and welfare dependency? Those are only different names for our national ambition. — Wendell Berry

The revival of consumers saving their money for retirement - rather than expecting their homes to provide the cushion - added with 'move down' buyers will depress real-estate prices. — David I. Rozenberg

The idea of working all your life, saving, and putting money into a retirement account is a very slow plan. — Robert Kiyosaki

It's not surprising so many people end up with credit-card debts. Saving for your retirement and buying a house are difficult things, and we don't educate people about them at all. — Niall Ferguson

Increased awareness and education could be a great help toward improving spending and saving habits and increasing participation and contribution levels to retirement plans. — Ron Lewis

Labor has come out with a series of proposals to increase taxes, including taxes on people across Australia saving for their retirement, he has actually identified so far zero dollars in spending reductions. — Tony Abbott

In money, and in life, you are very often your own worst enemy. You promise yourself you're going to diet, then eat not one or two French fries but a whole plate. You decide to really commit to saving for retirement, only to wind up with a new pair of shoes in your closet. — Jean Chatzky

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come. — Mark Zandi

I agree that we must expand opportunities for retirement saving, but we must not undermine this worthy effort with a flawed privatization scheme that takes the 'security' out of Social Security. — Mary Landrieu

Americans are not saving enough for retirement. — Tammy Baldwin

This book is for you. Getting the "most possible lifetime" dollars from Social Security is likely a significant objective of yours. Saving taxes in retirement is likely a worthy ambition. Nobody wants to pay more taxes than they have to. Perhaps leaving a legacy might be another goal. Certainly coordinating your Social Security benefits with your investment and other income to combat 20-25 years of inflation is of prime importance. — Mark J. Orr

Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors. — Bill Frist

There are basically two ways to help people get sufficient money to fund their entire retirement. The first is to get people to save more money, and to start saving at a younger age. The second approach is to get people to die at a younger age. The easier approach, by far, is getting people to die younger. And how might we achieve this? By allowing citizens to smoke. By subsidizing sugary and fatty foods. By limiting access to preventive health care etc. When we think about retirement savings in these terms, it seems that we're already doing the most we can on this front. — Dan Ariely

Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard - figuring out how much to save - and requires self-control. — Richard Thaler

We need the middle class to feel more confident about its prospects and about its future. We need to cut down on this anxiety that sees some people succeeding and the majority struggling - having to make choices between paying for their kids' education or saving for their own retirement. — Justin Trudeau

Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes. — Ben Bernanke

Money actually becomes even more difficult than other things because it's very hard to imagine what the benefits are to saving. So, imagine that you see a new bicycle, a new pair of shoes, or something today. You know exactly what you are giving up if you are not buying it, what are you gaining in the future if you are not getting it. So, you are giving up the bicycle today, what is it in the future? What will happen if you send another $1,000 to your retirement fund? What difference will it make? It is very, very hard to figure out. — Dan Ariely