Monday, March 23, 2015

Are you saving (enough) for retirement?

A recent study shows less than 60% of U.S. workers are saving for retirement. However, the better question may be are you saving enough for retirement? The majority of individuals actually saving have accumulated $25,000 or less. That's not enough for retirement!  This is a problem that has been growing since the shift from company pension plans to employee contribution plans (such as a 401k).

At a minimum, be sure to maximize any matching contributions from your employer. Read more here: The Retirement Savings Crisis

Matt Sellers, CPA