A big issue that passes through the minds of millions of individuals on a daily basis is concerns on maintaining and managing money for retirement. At some point and in a variety of way everyone will be affected by retirement! Some will embrace it and some will be forced to keep pushing back the issue. Yet the In the last seven years alone there has been unbelievable destruction and massive changes in society….
the breakdown of the banking system
real estate collapse
pensions being lost
savings being spent
the government….(we won’t go there)
Unfortunately these factors and many more are here with us to stay, changing our world, our plans, our dreams and please realize this: the reality is that we can not depend on other individuals, our jobs and especially the government to take care of any needs as we grow older and head into retirement years.
Information, education, preparation and enlighten is a must for all individuals from age 20- to all boomers that need to take a serious look at their money situation in retirement years.
A 2014 retirement survey shows that over 50% of individuals have less than $1,000 in savings and investment. The majority of people are struggling against the cost of living, high debt, day to day expenses and especially unexpected downfalls.
Obviously individuals need to get more involved in their finances, using calculators to figure out what will be needed for retirement, managing money for retirement and how to build that retirement money within the time frame they have left.
There are many great sources you can check out….such as extra income, figuring out your retirement money, learning to work with budgets. Remember never stop learning, figure out how to build your future.