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Survey may make you rethink your retirement contributions
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Shopper's Market: Are you saving enough for your Golden Years?
- Duration 1:37
- Date Oct 26, 2012
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Shopper's Market: Are you saving enough for your Golden Years?
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You're golden years have you had to retire today would you be ready.
A recent survey finds most Americans aren't saving enough for retirement.
Stuart Ritter is a financial planner and vice president of T.
Rowe Price investment services the company that conducted the survey.
He says most people aren't even sure how much they're really saving.
They may not know that 15%.
Is the amount that folks should be focused on getting.
Into their retirement account ahead of every paycheck.
The good news from the survey.
982%.
Have a 401K and are making contributions.
And 72%.
Say retirement is their top priority -- Ritter says -- flip side is.
People aren't putting enough away.
The survey shows two thirds are saving less than 10% and 29%.
Don't know how much they're contributing at all.
Ritter says given you.
A new research poll by -- shows.
Baby boomers used to be the most concerned group about retirement.
Taking over the bulk of the worry now generation -- those 35 to 44 in New York Brenda Buttner Fox News.