JonasInsuranceAdvisors.com Urges Consumers to Save for Retirement with Each Paycheck

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On the heels of a Washington Post article published September 27th, 2013 titled, “Retirement Today: For Many, Even Former Corporate Professionals, It’s Not Happening,” JonasInsuranceAdvisors.com reflected on the increasing number of individuals over the age of 65 who are still working out of necessity and encouraged consumers to set aside a little bit from each and every paycheck to fund their retirement.

Today, JonasInsuranceAdvisors.com urged consumers of all ages and classes to set aside a little bit from each and every paycheck to go into a retirement fund.

Their advice came shortly after a moving article entitled, “Retirement Today: For Many, Even Former Corporate Professionals, It’s Not Happening,” was published in the Washington Post on September 27th, 2013. The article focused on 77-year-old Tampa resident Tom Palome, who is currently working two minimum-wage jobs in order to save enough money to travel to visit family and enjoy the small luxuries of life like going to the movies, because he did not save enough for retirement. What’s more is that Palome used to enjoy a six figure salary and first-class travel to Europe for business meetings.

The article states that last year, roughly 7.2 million Americans ages 65 and older were employed. Government data rules that this number marks a 67% increase from just 10 years ago, and data from the Federal Reserve reveals that 59% of households run by folks 65 and older do not have any retirement account assets.

In light of such dramatic numbers, JonasInsuranceAdvisors.com encouraged consumers to start saving now—regardless of age or social class—to avoid the fate that so many are experiencing of being unable to retire at a decent age due to not having saved enough. JonasInsuranceAdvisors.com is quoted as saying, “The best time to save is when you’re young, but if you’re not that young, you need to be saving even more so. Taking a little bit out of every paycheck is a good place to start to develop a habit and accumulate money every month into a retirement account. Keeping a budget is a great way to make sure that you stay on track every month with your savings.”

JonasInsuranceAdvisors.com stated that consumers need to be more educated regarding saving for retirement so that they can adequately prepare themselves and their finances. JIA believes that MCFIR.com is a great place for consumers to learn about retirement topics like life insurance without medical exam s required.

About JonasInsuranceAdvisors.com:
JonasInsuranceAdvisors.com is an online resource designed to assist families in financial planning and money management.

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