Don't Let These 3 Reasons Stop You From Planning for Retirement
Retirement is on almost everyone's list of financial goals, but many are not taking the necessary steps to plan for it. People have a lot of excuses for why they haven't gotten around to creating a retirement plan yet, but the longer you wait, the more difficult the task becomes because you have less time to save before retirement is upon you. Here are three of the most common reasons people keep putting off retirement planning, according to a recent Alliance for Lifetime Income study, and how you can break out of that cycle.
This is a pretty significant barrier to retirement savings because if all your money is tied up paying your monthly bills, it's difficult to save even if you want to. But you must find some way to tip this balance so you have extra money coming in, otherwise, you'll never be able to afford to retire.
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Source Fool.com
