With increased life expectancy, early retirement dreams, and changing population demographics, the nature of retirement has changed dramatically. But one thing remains the same: people often underestimate the need to save for this next stage of their life.
A recent analysis by the Economic Policy Institute revealed that the average couple has $5,000 saved for retirement — well below what they will need to maintain their standard of living when they stop earning a regular income.
Still need convincing that retirement saving should be a priority? Our Resource of the Month makes a compelling case for why retirement planning, with the help of a well-informed professional, is a must for everyone.