We recently read an article in Accounting Today that stated 74% (nearly three-quarters) of Americans are worried about having enough money for retirement. On top of that worry, the article goes on to state that a recent survey found 3/10 Americans are not saving for retirement. Of those surveyed, however, 69 percent said planning for retirement was a top priority.
The article delves deeper into statisical information of those surveyed by generation and what they are saving for. 46 percent of unretired U.S. adults say they live paycheck to paycheck and can't afford to put money in savings.
Among those who are saving, the top goals are rainy-day funds for unexpected costs (65 percent) and retirement (52 percent), according to Accounting Today.
You can read the full article from Accounting Today here.
If you are an avid saver for your retirement, whether it be through a Roth 401k, an IRA, or a Roth IRA, at Bloch, Rothman & Associates, we can assist in helping find you the best tax deductions and credits when preparing your return.
Call us today: 303.321.7160