IF you’ve ever embarked on a big undertaking, whether it’s run ning a marathon or cleaning out your garage, you have probably encountered impediments that delayed or derailed your progress.
Some—a knee injury, for example— are significant. Others are more accurately characterized as excuses; you’re not sure what to do with those old cans of paint, so you decide to watch Netflix instead.
Similarly, you’ll likely face barriers and detours on the road to a com fortable retirement. According to a recent Charles Schwab survey of 401(k) participants, 99% of Genera tion Z workers say they face obstacles in saving for retirement (up nine per centage points from a year earlier), followed by 88% of millennials and 91% of Gen Xers. But whether you are just starting your career or ap proaching the end of your working years, there are strategies you can adopt to navigate your way to a secure retirement.
OBSTACLE: No room in the budget to save
Denne historien er fra February 2024-utgaven av Kiplinger's Personal Finance.
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Denne historien er fra February 2024-utgaven av Kiplinger's Personal Finance.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
EMPOWERING FAMILIES WITH FINANCIAL PLANNING
Through her pro bono work, this CFP provides free help with budgeting, saving and more.
THE ALLURE OF SHOULDER SEASON TRAVEL
SHOULDER season can be a great time for a vacation.
A TOOL 10 ADD 10 YOUR ID THEFT ARSENAL
Credit-monitoring services can help you detect fraud quickly.
Give the Gift of Life Insurance
Show your love for your sweetheart by protecting against disaster.
WATCH OUT FOR NUDGES THAT STEER YOU TO TRADE TOO MUCH
ANYONE who has shopped for groceries with a toddler knows to be on high alert for the impulse items the store has thoughtfully placed at a child's eye height.
Lessons for Retirement Success
CHRISTINE Benz is director of personal finance and retirement planning for Morningstar and author of How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement (see a related podcast at Morningstar .com).
GET THE RIGHT ADVICE IN RETIREMENT
If you've saved up a decent-size nest egg with a financial services firm, chances are good it has offered you financial advice-for a price. Is it worth it?
SHIELD YOURSELF FROM FRAUD
RECENTLY, one of my clients shared a harrowing experience.
CHECK YOUR COLLEGE'S FINANCIAL HEALTH
Declining enrollment has forced a growing number of small colleges to shut down.
ESTATE PLANNING - Protect Your Wishes and Your Legacy
NO one likes to imagine getting seriously ill, injured or worse, but these occurrences are a reality of life.