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The retirement savings crisis: Fixing it is crucial
It’s fairly well known that Americans are simply not saving as they should to ensure a comfortable retirement, with fully 1/3 having nothing at all saved for their future. Couple this issue with the looming threat of future cuts in Social Security benefits, and the savings problem can easily be described as a crisis. This Financial Advisor article by Gregory Bresigor explains that while existing savings vehicles are certainly good, more and better savings incentives, especially through workplace savings programs, are needed to avert financial problems in the retirement years. And importantly, Congress needs to fix the impending Social Security problems that could lead to benefit cuts in less than two decades. Click here to read more.