Make Better Plans for Retirement

The week of October 25 was National Save for Retirement Week. Did you hear anything about it? I didn’t. Be that as it may, the upshot is that Americans are not financially prepared and we need to make better plans for retirement.

This [is] an educational campaign to raise public awareness about the importance of long-term retirement planning. The program, created by bipartisan congressional action, encourages Americans to utilize retirement savings and investment plan strategies. The week also encourages individuals to reflect on their current financial situations and their potential for a secure retirement.

Make better plans for retirement

There are no hard-and-fast rules we can follow to provide for a secure retirement, but here are some thoughts on the process and how things look for Americans.

1. How much money do we need to retire? There’s no real rule of thumb.

2. Half of Americans aren’t saving for retirement.

3. 80 is the new retirement age?

4. The majority of middle-class Americans aren’t confident about the stock market.

5. Women are less engaged in retirement planning.

6. More Americans have tapped retirement funds.

8. Forty percent of Americans fear lack of retirement funds.

No matter how you parse the data, a secure retirement for most Americans is becoming the new American Dream and many of us will never achieve it. The only way to do it is to make better plans for retirement.

Click here to watch a short video clip and read more about how to make better plans for retirement.

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