3 Obstacles to Saving for Retirement
To retire comfortably, it's important to save about 15% of your income or more throughout your working life.
Unfortunately, most people fall short. A recent Schwab survey found that more than half of workers contributing to a 401(k) put aside 10% of their income or less. And rather than increasing this amount over time, the majority of workers stuck to their initial contribution.
This approach is likely to leave workers with too little saved for retirement. The Schwab survey identified three main reasons workers are unable to contribute more to their retirement funds.
Source Fool.com
