How much money Americans are saving for retirement—and how much you need if you want to retire by 65

By Kathleen Elkins@KATHLEEN_ELK (Make It)

Lesia Valentain | Twenty20

f you’re hoping to retire by 60, like most young people are, or even a little later in your mid-60s, you might need to up your savings.

“Most American workers aren’t saving at levels that will allow them to retire fully at age 65 at their current standard of living,” researchers at the Stanford Center on Longevity conclude in a 2018 report, “Seeing Our Way to Financial Security in the Age of Longevity.”

After considering factors such as the rate of return on investments, salary growth, life expectancy and Social Security benefits, the researchers project that, if you want to retire at age 65 and maintain your standard of living, you need to put 10 to 17 percent of your current income into a retirement account.… Read Full Article

GM’s new Corvette is so powerful, it’s warping the frame in tests, report says

By Nathan Bomey (USA TODAY)

The redesigned 2020 Chevrolet Corvette’s new engine is reportedly so powerful that it’s compromising the vehicle’s structural integrity in testing, causing General Motors to delay the car’s reveal, according to an industry report.

Sports car fans have been anxiously awaiting the debut of the eighth generation of the Corvette, which got its last total overhaul with the 2014 Corvette Stingray.… Read Full Article