Did you know there was a National Institute on Retirement? Me neither. Apparently, they study these things. Thankfully so, because Americans are not doing so hot in the savings arena.
If those numbers catch your attention, then you’ll be interested in what Carl Richards has to say about it. I had a chance to chat with him on the Midday Money Show about his latest book, The One-Page Financial Plan.
Carl is a Certified Financial Planner and NY Times Columnist. He doodles on napkins and thinks financial planners – for the most part – have it wrong.
In a nutshell, financial plans should be simple. They can even be on one page – if you take his advice. While the overall retirement numbers may seem dismal, your approach can break from the norm. Start by simplifying your approach to future financial planning.
I would be remiss if I neglect to remind that a pursing debt free life and establishing an emergency fund would be a great place to start when separating your self from the pack. Here’s more help in this area:
Your journey out of debt will take time. You didn’t incur the debt overnight. Be patient and persistent. In the meantime, the latest episode will plant the following seeds:
Before you go, get your FREE copy of our tips to save more money!