Financial Retirement Planning for 30-Somethings
The savings rate among Americans is at the lowest rate since 1933. In other words, we aren’t saving for our financial future and younger workers are among some of the least prepared for retirement and future financial matters. The average worker between 25-35 years of age has less than $6,000 in their 401(k) account according to figures recently released by the Principal Financial Group. These young workers who can gain the most advantage to utilizing a 401(k) account are taking the least advantage of it. They are unaware how the power of compounding interest can help them build up a substantial retirement account by taking advantage of the many working years ahead of them.
Written by Robert on April 24th, 2006 with no comments.
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