There should be a yearly financial requirement (maybe at tax season) that every single person from age 20 through the golden years, should become familiar with the average retirement savings age, understand what it means, where they fall in this category, make a commitment of educating themselves and contributing to their future.
I am saying this because like the majority of people, I was as some would call it, blind sided when my small amount of investments and an embarrassing retirement plan that I sort of scrimped and saved for, literally fell off the cliff with the huge economy bust back in 2008. I had some money put away and with life going on around me, didn’t pay that much attention to investments and was in denial to economic news.
Let it be known that you are not alone when it comes to issues concerning rebuilding your financial needs, trying to figure out where to begin, and estimating if your retirement money will be sufficient for your golden years. What is heartbreaking is that millions of people will not (more…)