More than half (54 percent) of full-time workers from ages 21 to 64 participated in their employer’s retirement plan last year, according to a report released earlier this week by the Employee Benefit Research Institute. Among all workers, including part-timers, the participation level was 40 percent.
That means a lot of people slip through the cracks.
The phenomenon extends overseas in England. More than a third of nonretired adults no longer pay into their plans, according to a Prudential survey. Nearly one out of three who don’t participate (27 percent) say they just can’t afford the contributions.
The fact is, they can’t afford not to make them.
Frightening true story
What happens if you don’t do any retirement planning and you have little savings to fall back on?
Read the whole story HERE
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