Planning for retirement
According to the National Retirement Security Americans between the ages of 40 and 55 have an average retirement account balance of $14,000.
Financial advisor Jennifer Landon said it’s not about the amount of money you make it’s about how you create strong savings habits.
“Setting some money aside every time you have a paycheck. You’re making millions or whether you’re making thousands the reality is it all comes down to financial habits,” Landon said.
Landon adds,”People need to start thinking about retirement early and have an idea of what retirement looks like for them, their vision.”
“You know the definition of retirement is changing. People are retiring differently today than they ever have in the past. We see a lot of people who are starting up businesses for the first time. We see people who are working part time not because they have to but because they enjoy it,” Landon said.
To find out more about how to better prepare for retirement, visit http://journeyretirement.com/.