In honor of National Save for Retirement week, we will be having a week of posts dedicated to saving for retirement. Check back next week for posts about retirement planning, tax advantaged accounts, and other helpful information. In the meantime, take the poll about your retirement planning!
Congress established National Save for Retirement Week to increase awareness of the need to save for retirement.
In 2009, the House of Representatives and the U.S. Senate unanimously approved resolutions designating Oct. 18-24 as National Save for Retirement Week. The resolutions seek to increase personal financial literacy and raise public awareness of the retirement-savings vehicles available to all workers, including public- and private-sector employees, employees of tax-exempt organizations, and self-employed individuals.Research shows that more than half of all workers in the United States, 53 percent, have less than $25,000 in total savings and investments, excluding their home and defined benefit plans. With longer life expectancies and rising costs, especially for health care, it is critical that Americans understand the importance of saving for their future - now.
^Above information from http://www.retirementweek.org/xp/plans/retirementweek/
1 comments:
Sounds like we need a week for this! I can understand why some people have so little in retirement- it's so easy to say, "I'll start in a few years" and then lose track of time.
I don't even let myself think about not contributing to retirement, the money is automatically taken out when my paycheck comes.
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