Many Americans Lack Retirement Planning

Updated : Sep 05, 2019 in Articles

Many Americans Lack Retirement Planning


MANY AMERICANS ARE WOEFULLY WAY BEHIND ON GETTING, AT LEAST, A MODEST RETIREMENT PLAN IN PLACE.. AND THE NEWS IS NOT MUCH BETTER FOR MANY WHO ALREADY HAVE. DETAILS FROM NBC’S CHRIS CLACKUM. A NEW REPORT THAT 30 MILLION AMERICANS TAPPED THEIR RETIREMENT SAVINGS FOR AN EMERGENCY WITHIN THE PAST YEAR… …FOLLOWS ANOTHER REPORT….ALSO FROM BANKRATE.COM… THAT ANOTHER 10-PERCENT HAVEN’T CONTRIBUTED ANYTHING TO THEIR SAVINGS… FOR AT LEAST THE LAST TWO YEARS. “THERE ARE MILLIONS OF AMERICANS BEHIND ON THEIR RETIREMENT SAVINGS” BANKRATE’S GREG MCBRIDE SAYS THE REPORT ALSO FOUND THAT 21 MILLION AMERICANS AREN’T SAVING FOR RETIREMENT AT ALL. “IF YOU’RE NOT YET SAVING 10% FOR RETIREMENT, YOU NEED TO GET THERE PRONTO” MORE, THE OLDER YOU ARE…SIGNING UP FOR A WORKPLACE SAVING PLAN ….OR CONTRIBUTING TO AN IRA… OR BOTH… …WITH A SPECIFIC TARGET PERCENTAGE IN MIND. “THE NEXT BIG HURDLE FOR A LOT OF PEOPLE IS THEY HAVE TO SAVE MORE AGGRESSIVELY…YOU CAN’T BE SAVING 3% OUT OF YOUR INCOME FOR RETIREMENT AND THINK THAT THIS IS GOING TO GET YOU WHERE YOU NEED TO BE” INCLUDING A COMPANY MATCH, HE SAYS PUTTING ASIDE 15 PERCENT FOR THE GOLDEN YEARS…SHOULD BE GOLDEN. CHRIS CLACKUM, NBC NEWS.

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