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Can You Afford To Save $75 a Month? Here's How It'll Help Your Retirement


What do spiders, snakes, and small spaces have in common with retirement? They're all among Americans' biggest fears, apparently. A study by Allianz concluded that a majority of U.S. adults aged between 44 and 75 are more scared of outliving their money in retirement than they are of dying.

Specifically, 61% of respondents said they feared running out of money more than death. And that number climbed to 82% among married people in their 40s with dependents. Respondents also admitted to other related fears, including not getting their full share of Social Security benefits and not being adequately prepared for retirement.

If you share those fears, the best remedy is to start saving whatever you can today. Maybe retirement is 30 years away for you, and that definitely works in your favor. But even if you're pushing 60 or older, the earlier you begin tucking cash away, the better off you'll be.

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Source Fool.com


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