Think You Can't Afford Retirement Savings? Here's Why Saving Enough Will Only Get Harder if You Wait

Most people know that saving for retirement is important. Unfortunately, despite this knowledge, millions of Americans aren't saving as much as they should be. There are lots of reasons why that happens, but one of the biggest is a belief that they can't afford to save. 

If your budget seems tight right now and you plan on saving more later in life, you're setting yourself up for disaster. Saving more won't get easier as you get older, even if your income increases. In fact, there are lots of reasons hitting your target retirement goal will only get tougher the longer you delay. 

Image source: Getty Images.

Continue reading

Source Fool.com