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Why So Many Aren’t Able to Accumulate That “Nest Egg”
Almost 70% of workers surveyed by Employee Benefit Research Institute report that their level of short-term (non mortgage) debt is the obstacle that prevents them from saving for retirement. They report that in addition to the out-of-pocket debt payments they’re facing, their inability to free-up cash for IRA or 401k participation us also causing them to forgo the benefits of earnings deferral plans. In a post today on www.kenoshanews.com, The Motley Fool’s Maurie Backman examines this predicament, offering suggestions for ways to resolve the issue over the long run. Read her post here…
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