What to Do When You’re 40 and Have Nothing Saved for Retirem...
Investment

What to Do When You’re 40 and Have Nothing Saved for Retirement

 

Whether you’re living paycheck to paycheck or have been blindsided with unexpected expenses, hitting the big 4-0 with nothing in the bank for retirement isn’t ideal.

Before we get into what you should do about it, this might make you feel a tiny bit better: lots of other people are in the same predicament. Almost half the respondents of the Federal Reserve’s latest Report on the Economic Well-Being of U.S. Households said they had no financial plan for retirement, and U.S. News reports that about 36 percent of American workers have less than $1,000 saved for their post-work years.

Leave a Comment

Your email address will not be published. Required fields are marked *