Why Save for Retirement?


With the expenses you have today, putting aside some of your first paychecks for retirement may seem a little premature. But the sooner you start, the more you can save. More important, it will put you in a better position to make up for lost time if you have to cut back on retirement savings at some point because of major financial events, such as a down payment on a house, college expenses, or a period of unemployment.

 

Why You Need Retirement Savings

Your retirement savings will play an important role in shaping how you will live during your years to come. Consider this:

By coming to this website, you've taken an important first step to plan for your retirement. So keep at it—whenever you have a few moments, look here for information, tools, and tips to help you reach your retirement goals.

 

* Paul Fronstin et al., Funding Savings Needed for Health Expenses for Persons Eligible for Medicare. Issue Brief no. 351. Employee Benefit Research Institute (December 2010). Estimates refer to savings needed for Medigap premiums, Medicare Part B premiums, Medicare Part D premiums, and out-of-pocket drug expenses.

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