FORGET INVESTING FOR RETIREMENT, now it’s saving for retirement: “All the ordinary folks out there counting on 8-10% annual returns on their investment portfolios to salvage their retirements are headed for trouble. . . . At this point, I think that most people who are likely to be reading this blog should be targeting a savings rate in the range of 20-25% of income, more if they can manage it. Since this is approximately five times what the average American household is saving, this notion is likely to be met with fierce resistance.”