A daily cup of coffee ends up costing a lot more than you think

pulse

June 5, 2017 5:26 PM

Americans trying to contribute to retirement funds can similarly look to their daily purchases — such as their morning cup of coffee — for potential savings

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Americans looking for ways to contribute to retirement funds can similarly look to their daily purchases — such as their morning cup of coffee — for potential savings, according to a Vanguard Blog for Advisors post by Frank Kinniry

Kinniry notes that while Vanguard recommends saving enough so that retirees can spend 75% their annual income from when they were working, the median account balance among Vanguard retirement plan investors fell by 11% from 2014 to 2015.

But that trend is not irreversible, especially for younger investors.

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