We understand it can be hard enough to pay your bills as they become due, much less put some money aside for retirement. But if you fail to save for the future you might be setting yourself up for working longer than your health allows, or you could find yourself having to go back to work after having retired. Many employers offer a retirement plan, and this makes it easy to save for the day when you can stop punching a time clock. But if your company does not offer a 401(k) or other plan, you should take matters into your own hands and start putting some money aside today, for tomorrow.
US News and World Report highlights some of the reasons why saving for retirement is so important. Among the reasons cited are the facts that social security is dwindling, personal savings accounts are not earning at a fast enough rate to cover the gap between what you have in a retirement account and what you will need to retire with comfort, and the rate of inflation means you can expect to pay more for things when you retire than you pay now. If you are not able to put enough away for your future, you can face several problems when retirement times arrives. Two of these problems include:
- Sacrificing on basic needs such as health care, housing, and food. Without enough money saved for your future you will find that you have to be frugal at a time when your focus should be on other things.
- Moving in with your grown children in order to pay all of your bills and meet your financial needs as you age.
These possibilities should be motivation enough to find ways now to have a comfortable retirement. If you are having a hard time paying all of your bills as they become due, take steps now so your financial future can be bright. We can help, by offering solutions to your financial crises and looking for ways to help you budget your money. Call us today to learn more.
For more information about money and budgeting for the future, contact us at www.DsouzaLegalGroup.com. We will help by coming up with solutions that work for you.