Unfortunately, many people are not prepared financially for
retirement. According to a study done by
GoBankingRates, about 42 percent of Americans have less than $10,000 saved for
when they retire.
Why so little savings?
People apart of the study stated that they did not have enough money to
put on the side for savings. They also
were already struggling to pay for their bills.
As of right now, millennials will be on the same financial
train. Millennials may even save less than
$10,000 for retirement savings.
Financial security is an important part of life. Saving for retirement should be thought of
ahead of time so when the time comes to retire, you and your partner will be
financially stable.
Saving for retirement can be a headache. People don't know where to begin and how much
to save. There are steps you can take to
ensure you are saving enough for your lifestyle and goals for retirement. Here are some 7 tips for saving for
retirement.
Check out the rest of this blog post on exactly how to save
enough money for retirement.
Contact Cosmo Insurance
15 America Ave., Suite 203, Lakewood, NJ 08701
732-363-3888
2 University Plaza Dr., Hackensack, NJ 07601
201-817-1388