This week, we unveiled our new Saving for Retirement ad campaign to empower Americans to take control of their financial futures. In fact, two in five households headed by Americans ages 55-64 have no assets saved for retirement, according to the National Institute on Retirement Security.
Great news out of California: A new state law will help nearly 7.5 million workers retire with confidence. Signed by Gov. Jerry Brown on Thursday morning, the California Secure Choice Retirement Savings Act (Senate Bill 1234) will give millions of Californians a way to save for their future at work.
Like Billy Joel, I frequently find myself in “A New York State of Mind.” I am a New Yorker — born, raised and educated in the Empire State. Though I no longer live there, I still call it home — which is why I was concerned by the findings of a new AARP survey released last week. The reality is, the New York state of mind is experiencing high anxiety when it comes to saving for retirement — especially Generation X, which started turning 50 this year.
I often hear from friends and family members that they're afraid they don't have enough saved for retirement, and the truth is, many Americans are not prepared for the future. As recently highlighted by the New York Times, the reason many are not financially prepared is because they don't have the right tools at work to help them save for their future. In fact, when individuals have a way to save through their workplace, their rate of savings goes up by a staggering 1300%. Yes, that's right: 1300%.
Saving for your future doesn't have to be complicated. Here are four simple tips that can save you big money. Watch the video, and see below for even more resources.
The problem with living in Washington, D.C., too long is that you start to forget all the exciting action happening outside this politics-crazed town. The truth is, the real action is taking place in state capitols around the country. Today I want to take a moment to highlight some of the victories and innovative solutions happening from Hartford to Olympia to help people save for the future and live independently as they age.
Americans need to save more for retirement, and more employees need to have access to a workplace retirement savings plan. These were the major themes at a recent AARP-U.S. Chamber of Commerce forum ( watch it here ), where these two organizations - often on opposite sides of policy issues - issued a joint call to action for policies to encourage more savings.
We can't hide from the scary statistic in the story from the ABC affiliate in Houston below: about half of American workers don't have any retirement savings at all.
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