If you wait until 10 or 15 years before your desired retirement date, then it’s extremely unlikely that you’ll be able to save enough.
Bayside, N.Y. (PRWEB) May 23, 2013
Personal Finance expert Walter Edelstein, CFP® has published new retirement advice on how to begin saving for retirement. He discusses five easy steps to take to get on track to achieving a successful financial plan for retirement. Consumers need to get objective information on best practices they can use to improve their financial situation. RetirementAdvice.com is one of the sites that are part of TheAdvice.com Personal Financial Site Network that provides consumers with free information and easy to implement practical ideas to help them achieve their personal financial goals. Following is a summary of the new content that is one of the many new “How to” articles that have been published on TheAdvice.com Personal Finance Site Network.
For a lot of people, saving for retirement is one of those things they know they should be doing, but for a variety of reasons they’ve never really seriously addressed the issue. Unfortunately, this has led to many being unprepared. A recent study concluded that 57% of U.S. workers have less than $25,000 in total household savings and investments (excluding the value of their homes). That represents a significant increase over the percentage of US workers (49%) who had so little saved in 2008.
The most important element of a successful retirement savings strategy is that it takes time. According to Mr. Edelstein “if you wait until 10 or 15 years before your desired retirement date, then it’s extremely unlikely that you’ll be able to save enough.” On the other hand, by starting very early in life and developing consistent retirement savings habits, consumers stand a much better chance of meeting their retirement goals.
Click here to read the full article on RetirementAdvice.com.
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TheAdvice.com Personal Finance Site Network was launched in 2009, and since then has provided consumers with hundreds of free articles and financial tips across a broad array of personal finance topics. Several of the sites in TheAdvice.com Personal Finance Site Network include:
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Mr. Edelstein has financial experience that spans over thirty years. It includes being a Certified Financial Planner™, having a Master's Degree from Columbia University, and having served as Chief Marketing Officer for a major online bank where he honed his online marketing skills to help consumers achieve their financial goals.
TheAdvice.com proudly reaches out with this network of personal finance websites to help individuals and families discover the path to financial knowledge.