Tag: retirement
When you are young and working, retirement savings may be put on the back burner out of necessity in order to pay off more immediate bills and debt. If so, you are not alone. A shocking 36% of Americans have yet to begin saving for retirement. In fact, 41% say they don’t even have $500 socked away for emergencies. But without retirement savings or a retirement plan you will not be able to maintain your standard of living when you retire. Although retirement may seem far away and it may seem very difficult to save, saving money now has major benefits.
For many, retirement begins at around age 65, but how long it lasts depends on many factors.