Start Investing for Retirement Right Now by Following These 5 Steps

Just 54% of Americans in the civilian workforce were participating in a retirement plan of any type as of March 2017, according to the Bureau of Labor Statistics.

With close to half the civilian population lacking access to private pension coverage and almost 40% of workers indicating neither they nor their spouse have saved any cash for retirement, there is a serious retirement crisis brewing in the United States.

You cannot live on Social Security alone, so you could find yourself facing a personal retirement crisis if you're one of the millions who haven't started saving. The good news is, it doesn't have to be complicated to get a savings plan working for you. Just follow these five simple steps to start saving for retirement right now.

Source: Fool.com