For Most, A Savings Regimen Remains the Key to Successful Retirement Financing
The dearth of adequate savings for those on the threshold of retirement has received substantial attention over the past few years. With journalists presenting often frightening statistics on the growing number of future retirees woefully unprepared financially to leave the workforce, the importance of having a disciplined approach to wealth accumulation continues to garner attention in many quarters. As an example, AMAC’s “Social Security Guarantee,” a proposed legislative framework steadily gaining traction among lawmakers, espouses an Early Retirement Account (ERA) as a voluntary companion benefit designed to help workers save more for retirement.
Financial planner Mark Sievers, in a post on www.dailyrepublic.com, offers additional conjecture on the savings issue and its relationship to retirement security, with a premise that “Far more effective is the simple act of saving money, which is not glamorous but more effective and important than picking the next hot stock.” His article takes a look at some of the assumptions surrounding savings strategies, and delves into the definition of “wealth” as a barometer for a comfortable retirement. Check out his article here…
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