Unfortunately, many people are not prepared financially for retirement. According to a study done by GoBankingRates, about 42 percent of Americans have less than $10,000 saved for when they retire.

Why so little savings? People apart of the study stated that they did not have enough money to put on the side for savings. They also were already struggling to pay for their bills.

As of right now, millennials will be on the same financial train. Millennials may even save less than $10,000 for retirement savings.

Financial security is an important part of life. Saving for retirement should be thought of ahead of time so when the time comes to retire, you and your partner will be financially stable.

Saving for retirement can be a headache. People don’t know where to begin and how much to save. There are steps you can take to ensure you are saving enough for your lifestyle and goals for retirement. Here are some 7 tips for saving for retirement.

Check out the rest of this blog post on exactly how to save enough money for retirement.

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