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Retirement Savings: A Look at What’s Hindering Nest Eggs
In the short term, man folks nearing retirement can point to the economic devastation wreaked by the COVID-19 pandemic as a reason why they can’t afford to save for retirement. But there are other factors that have led to situation in which “30% of people in their 50s saved $0 for retirement in the last year,” and one of them just might be a lack of understanding of the size of their Social Security benefits. AN article posted by the Motley Fool’s Maurie Backman kenoshanews.com discusses the situation future retirees are facing, and suggests some parameters for catching up. Read her post here…
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