When I was in my 20s the thought of retirement seemed like it was so far in the future that I couldn't imagine it. Now that I'm approaching the age that some people retire it amazes me how fast the years have gone.
Why do I mention that? In part because of a recent survey by The American Institute of CPAs (AICPA). As a part of financial literacy month they spoke with over 1,000 adults.
Among the results: "The survey found that only 46 percent of non-retired Americans are confident they will reach their retirement goals, compared with 49 percent who are not confident (29 percent not sure, 20 percent don't think they ever will). Only five percent of non-retired Americans reported that they had already reached their retirement goals."
Personally I don't have any plans to retire. But I know that many people do. For them I'd encourage them to find some ways to add some money to their savings each month. Here at TDS we'd like to help.
If you're in your 50s you probably feel some urgency to accumulating more money for retirement. You might want to consider ways to earn extra money. We have dozens of articles that can help you.
If you're in your 20s please, please learn about the magic of compound interest. It's one of your best friends for accumulating wealth. But also one of your worst enemies if you're in debt. In fact, if you're currently in debt, please visit our page to help you get free of debt.
Keep on Stretching those Dollars!
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