For those of you who have read Retirement Voice in the past, you know that saving for retirement is something that we care deeply about and think about all year long. However, for those of you who do not have the luxury of thinking about retirement savings as part of your daily lives, National Save for Retirement Week presents a good opportunity for you to evaluate your retirement goals and plan for your future.
Many experts agree that 401(k)-type plans can enable American workers to accumulate enough retirement savings to provide for a meaningful income in retirement. Since 78 percent of full-time workers now have access to an employer-sponsored retirement plan, access to a retirement savings vehicle is becoming less and less of an excuse. Even so, according to a recent article from Plan Advisor, fewer than 40 percent of American workers have a written plan for achieving a successful retirement. When time spent planning for retirement falls behind planning a home remodel or vacation, it becomes obvious that we need to reexamine our priorities.
Let National Save for Retirement Week be a reminder for you to set a retirement savings goal, make a plan to reach that goal, and stick to your plan.
What steps will you take to turn every week into Save for Retirement Week?