The eighth annual National Save for Retirement Week (NS4RW), taking place next week, October 19th – 25th, provides a great opportunity to reflect on your personal retirement goals and determine whether you’re on target to reach them.
National Save for Retirement Week is the first congressionally endorsed, national event formally calling on all employees to take full advantage of employer-sponsored retirement plans. It is also an effort to raise public awareness about the importance of saving for retirement. During the week, NS4RW coordinator National Association of Government Defined Contribution Administrators, Inc. (NAGDCA), employers, partners, and many others will seek to:
It is important to begin saving today for retirement – or increase your contributions if you aren’t meeting your goals. Experts predict that retirees will need from 80 percent to 100 percent of their pre-retirement income to maintain their lifestyle after retirement. Yet, surveys show that most Americans remain unprepared for retirement.
Take advantage of National Save for Retirement Week by researching what your savings options are, using savings calculators and benefit assessment tools to determine what your retirement goals should be, and using tools like the America Saves pledge to stay on track. Not sure where to start? Here are a few tips and tools for you: