Retiring Americans who are looking forward to their retirement are those who are actively managing their finances.
New York, NY (PRWEB) April 25, 2013
National Debt Relief is concerned about the rising retirement problems of baby boomers and would like to encourage people of all ages to save up for their older selves despite the presence of debt.
The Census Bureau released a report in March 2013 stating that the debt amount of Americans with age 65 and above was at $26,000 in 2011. This more than doubled compared to the debt of $12,702 back in 2000. All of these figures indicate that most of the people retiring may be forced to give up early retirement because of the debts that they have to pay off.
Early this year (February 2013), USA Today released an article entitled “Retirement Living: Debt holds many Boomers back.” The article discussed how most of the baby boomers are short on their retirement fund and currently buried in debt.
Given all of the statistics and analysis, National Debt Relief released an article entitled "How to Save for Retirement When Drowning in Debt”. The article was released in April 17, and it focuses on tips about how consumers can stretch their limited income to include saving up for retirement.
The article, after beginning with a couple of statistics, encourages readers to start saving through financial planning. The National Debt Relief company believes that retiring Americans who are looking forward to their retirement are those who are actively managing their finances.
The post cited that the Consumer Federation conducted a survey that showed the “benefits of careful financial planning.” Besides having a more secure retirement fund, the survey showed that those who actively participated in financial planning are more confident when it comes to making financial decisions.
Here are some of the tips taken from the article on the National Debt Relief website. These are believed to be effective in helping individuals save up for retirement despite the mountain of debt that they had to pay off.
1. Increase one’s income through part-time jobs or freelance work.
2. Pick out a low-impact second job that can be done on weekends or at night. This can be a side business as a consultant or something similar.
3. Encourage other members of the household to help grow the household income.
These are only a few of the tips published on the article. National Debt Relief, a member of the AFCC (American Fair Credit Council) and accredited by the BBB (Better Business Bureau), prides themselves not only in helping people get out of debt, but also in making sure that they stay out of it. The latter is done through the library of articles that are published on their website.
To read the whole article, visit the website of National Debt Relief.