Waited Too Long to Address Retirement? Do These 4 Things Now
The procrastination struggle is real. We put off cleaning the toilet, getting the oil changed in the car, and organizing our financial documents. But perhaps the biggest thing we wait on is saving for retirement.
According to Fidelity's 2020 Retirement Savings Assessment, 46% of working American households are at risk of not being able to fund their current lifestyle in retirement. Of that 46%, more than half are likely to need significant downsizing once they leave the workforce. That downsizing may involve relocating to a cheaper area or moving in with family, selling assets, and slashing spending on entertainment. None of that sounds like a proper reward for years of service in the workforce.
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Source Fool.com
