FINANCIAL FOCUS: Lessons from ‘Save for Retirement Week’

Joe Faulk

Joe Faulk

Published: Friday, October 25, 2013 at 11:00 AM.

It’s a good time to think about your retirement savings strategies.

Congress even designates the third week in October as National Save for Retirement Week. 

Ensuring you have enough money to support your retirement lifestyle is important. Unfortunately, many Americans have apparently not done enough to build retirement savings to ease their minds.

Consider these figures from the Employee Benefit Research Institute’s 2013 Retirement Confidence Survey:

• 49 percent of survey respondents said they are unconfident about being able to afford a comfortable retirement.

• 46 percent of survey respondents say they and/or their spouse have tried to calculate how much money they will need to live comfortably in retirement.

Here are some steps can you take to gain confidence in your ability to retire comfortably:

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