Are you ready for retirement? When was the last time you thought about it?
Regardless of what stage of work life you are in: just entering or working for years make goals to stay on track for building for retirement.
The quote, “Life is what happens when you are busy making plans” sums up the current status of retirement planning for many Americans. Putting money aside for the future can be challenging when faced with life. Emergencies and life in general require a change in your plans. But retirement has a way of “sneaking” up! and while there are times when putting aside the savings will be hard, you will be glad you remained disciplined in your efforts to save. You do not want to be one of the many Americans who
But retirement has a way of “sneaking” up! While there are times when putting aside the savings will be hard and sometimes nearly impossible, you will be glad you remained disciplined in your efforts to save. You do not want to be one of the many Americans who says they would like to retire but cannot afford to.
It is sad to hear the stories of people who admitted they thought they had all the time in the world to save for retirement only to realize they are now in a situation of crisis.
They are not alone.
Estimates report 40% of workers of no money saved for retirement. The crisis is at an epidemic level resulting in federal and state governments calling for legislation to help Americans prepare for retirement.
Saving for retirement requires discipline, budgeting, and planning. If your employer does not offer a retirement plan saving option, the U.S. Treasury offers a plan to help taxpayers get into the habit of putting money aside for their retirement. It is a great opportunity for employees who do not have a retirement plan at their place of employment and want a safe option to begin building their retirement nest egg.
myRA is a starter retirement savings account from the United States Department of the Treasury.
- It won’t cost you anything to open an account!
- Grow interest!
- No risk of losing money.
Want to know more? Visit myRA How It Works
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