Congress increased the amount workers could contribute to their retirement plans but then realized that older workers closer to retirement were in rough shape.
To be on schedule for retirement, at age 45 you should have 3 times your salary saved.
At 59½ you can finally get at those dollars you have been stashing away for years in your retirement plans without paying a 10% penalty.
Forty-Somethings are at the tail end of the Boomer generation.
Retirement is so close but you have not saved enough and you know unless you win the lottery there will never be a million dollars in your bank account.
If you are a forty-something there is still time to save for retirement.
Today starts a campaign for America to save more.
70 percent of employers currently offer retirement plans, and of those employers only 52 percent of workers participate.
There are so many excuses I have heard why people don’t save for retirement.
The reality is that you’re responsible for your own retirement savings, so start saving in your 20’s.