Half of Americans Have Less Than $10,000 Saved for Retirement

You may think that you have time to plan for retirement. It can happen when you’re older and it’s close at hand. Or maybe you have an IRA or take part in an employment run 401(K) and you believe that’s all you need. Or maybe you think that you can’t afford to save for retirement – you need to pay your bills, get groceries in your fridge, put gas in the car, and save for your child’s education. 

But by not preparing for retirement right now, you’ll regret it later down the line. You need a solid retirement plan and you need it fast.

It’s Never Too Early to Start Saving

Did you know that half of all American workers have less than $10,000 saved for retirement? In fact, 48 percent of Americans between the ages of 18 and 30 have nothing saved for retirement and no access to a traditional pension. This means that the longer you put off saving for retirement, the less likely you’ll be able to afford to live on what you save. And not having enough socked away for your retirement means you will be working longer and not being able to do everything you want to do.

Admit it — you have a great plan ahead for when you retire. You may want to drive cross country or take a cruise around the world, even something more simple like fixing up your home. And with the right retirement plan in place, these dreams will come true. But you’re going to need someone to guide you in the right direction. And a financial advisor can help with that.

Retirement Planning: What You Need to Know

When planning for retirement, it’s important to remember that it’s a marathon, not a sprint.  Each step in the journey has specific goals that need to be met — from learning the basics of saving in your 20s and 30s, to preparing for the future in your 40s and 50s, until you finally take the leap in your 60s and 70s.

On this site, you will find the tools you will need to make these decisions. You’ll see how much money you need to retire on, how long will your savings last, and help on managing your money while you’re retired. The most important tool is the ability to reach out to an expert who can help you reach your retirement planning goals, make sure you have enough saved, and invest your money wisely so you can live happily in your golden years without worry.

To learn more about what retirement plan is right for you, contact a professional retirement planner now for more information. Start planning for tomorrow today.