America’s Retirement Problem
It’s no secret that America has a serious retirement savings problem.
It has gotten so bad that many states are either implementing or considering implementing mandatory savings initiatives which the private workforce will be made to contribute to.
This is beyond Social Security!
These are mandatory state-based savings plans which small businesses must make their employees save into or face considerable penalties, putting another burden on already challenged small businesses.
We’re out to help drastically reduce and hopefully eliminate the problem without placing undue hardship on businesses, their employees, or anyone else!
Still, the facts remain:
- 1 in 3 Americans have Saved ZERO for Retirement, and 56% have less than $10,000 saved
According to a March 14, 2016 report in Money Magazine, “saving for retirement is not an area of financial strength for Americans”. Read further and the article states, “ There are plenty of obstacles Americans claim are in their way when it comes to saving for retirement: credit card debt, student loan debt, low wages, the need to save for a child’s college education, and so on.” http://time.com/money/4258451/retirement-savings-survey/
- Americans Have a Retirement Savings Problem
“When it comes to savings, Americans are more inclined to set aside earnings for purchases that can be enjoyed sooner rather than later,” the company’s new study states. “Four out of five individuals do not believe in delayed gratification when it comes to saving, yet that is the message given to most of them through various financial education programs.” https://www.thestreet.com/story/13538484/1/americans-have-a-retirement-savings-problem.html
There are countless other studies and articles and research that show Americans need help.
We don’t think the way to help is through mandatory state–ordered savings plans, either! Especially with the consideration that the biggest government–based retirement plan, Social Security, seems to have so many surrounding concerns.
Instead, we want to make saving for retirement and other financial goals which lead to real financial independence as fun and EASi as possible. Through Cash Back Direct Investment Programs and EASi Payroll Deduction plans, as well as traditional saving plans, the opportune time is NOW to get on board and create real financial independence for yourself. Sign up with us to take advantage of our comprehensive retirement planning tools to equip you with the best retirement investment strategies available!