71 percent of Americans aren’t saving enough for retirement

The trend is the same, but it seems the numbers are getting worse.

Seventy-one percent of Americans say they do not have enough retirement savings, according to a new national survey commissioned by Experian in collaboration with Get Rich Slowly (getrichslowly.org).

Especially worrisome: More than half of those surveyed, 54 percent, believe they will never pay off their debt fully.

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Damian J. Sylvia

220 Monmouth Road

Oakhurst, NJ 07755 

Why putting off retirement savings until you make more money is a big mistake

People in their 20s have a list of excuses for putting off saving for retirement: Their paychecks are too small. They don’t know how long they’ll stay with a company. Why worry now about something that feels a million years away?

But a report from the Employee Benefit Research Institute drives home the point that waiting until you’re older and making more money to start saving for retirement could be a bad call.

Continue reading source article at WashingtonPost.com.

Damian Sylvia

Managing Partner

Retirement Income Solutions