Monday, January 5, 2009

What percentage of people in america really save for retirement

It seems very unlikely that people in this economic situation can afford to save for a retirement. I also dont understand how you can be in credit card debt and save at the same time.makes no since
      Answer1:pay off your debts while you can your credit and your word are all you have in this life!
      Answer2:it makes cents because the credit card companies do not go directly in your bank account so you can save while owing money.People can, will, and have saved, but just not so much. and many retirement portfolios have collapsed because of the crisis.I would say a lot of people save money for retirement. I dont know an exact amount though.
      Answer3:Im 26 years old and recently started a new, better paying job 3 months ago.I am paying roughly 300 dollars a month towards my CC and other debts and saving 100 dollars a month into my IRA. Once my debt is paid off Ill split that 300 or so into more IRA contributions and savings/spending money.
      Answer4:First; As long as you & your employer are putting into the social security system, you are saving for retirement. Dont sneer at the idea, SS & the medicare system can be a valued part of any retirement plan.Second; This is the time to think about opening a 401K or IRA account. Does your job have a retirement plan?Third: You are wise to realize the dangers of too much debt. Pat yourself on the back for knowing it. Sadly, many ignore it until it is too late.Hope this helps. Good Night.

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