there should not be an excuse to forego retirement planning
New York, NY (PRWEB) October 21, 2016
National Debt Relief recently shared in an article published October 11, 2016 some key points about forcing retirement savings on consumers. The article titled “Is it Right To Make Saving For Retirement Mandatory?” looks at how a mandatory retirement savings policy would affect consumers both with their immediate needs and future financial plans.
The article starts off by pointing out how retirement savings is not mandatory in most states in the country. What this means is that companies are under no obligation to provide a retirement plan for their employees. The ones that are living from pay check to pay check are the most affected because with all their expenses and even debt, retirement planning would be at the bottom of their priority list.
The article also emphasizes the fact that there should not be an excuse to forego retirement planning. Lack of planning for retirement usually leads consumers to either financially relying on their children, trying to continue working until they drop or having to spend their golden years in extreme poverty.
One benefit consumers can get from mandatory retirement savings is that it gives them the option to save. Most consumers who are not offered a retirement plan will not ask or look for one. Mandatory retirement planning will help a lot of people prepare for their future and consumers can just leave it at an automatic process and start saving.
To read the full article, click https://www.nationaldebtrelief.com/right-make-saving-retirement-mandatory/