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About 42 percent of Americans have less than $10,000 saved for retirement, according to a recent GOBankingRates survey. Even if you plan to spend your golden years living modestly, that dollar amount won’t come close to cutting it. Matt Ritt, a certified financial planner and investment advisor with employee financial wellness benefits program Questis, suggested that investors “start saving as early as you can.”
He advised investors to take advantage of 401k, 403b and IRA accounts and maximize contributions whenever possible. To find the funds, “limit your expenses and stick to a reasonable spending plan,” said Ritt.
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