Planning for retirement isn’t scary; it’s what happens if you don’t that’s the real horror show. According to the 2014 Wells Fargo Middle Class Retirement survey
, about 22 percent of middle class workers say they would rather die early than run out of money during retirement. Putting off retirement – or not even being able to retire at all – looms as a necessity instead of a choice.
On the TODAY show, CNBC’s Suze Orman offered some advice on saving for retirement, stressing that it’s never too early to start saving:
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Again, the question “Do you have enough money to retire?” comes up and, according to many studies; the answer is a resounding “no!” for most people.
Scary stuff… but it doesn’t have to be that way.
If you haven’t gotten started yet, get going. Now.
Attack your expenses to rid of any debts and own the house, the cars, etc free and clear.
Build up that IRA!
If you don’t have one already, a Roth IRA can be a huge benefit to many people and it’s worth checking out to see if you’re one of those people. Contact our Senior Account Executives
to discuss one-on-one all the benefits of a Roth IRA; ask them how it could allow you to grow your retirement fund tax-free.
If you find it hard to set aside money for your IRA contribution, Equity Trust offers automatic ACH contributions so you can have a select amount of money pulled from your checking account right into your IRA. Talk to us
to learn more about setting that up and take a moment to see what other account options are available to you.
Leave the scary stuff for your Halloween movie marathon, not your financial future.