Americans Need to Boost Retirement Savings
b'With Greg McBride, Chief Financial Analyst, BankRate.com (http://www.bankrate.com/)
BankRate.com (http://www.bankrate.com/) recently reported results from their survey on whether Americans were saving more or less towards their retirement accounts such as 401(k) and IRA. The good news is that 20% of all working Americans are socking away more towards retirement than last year\\u2026 and there\\u2019s been a 50% drop in Americans who have not upped their savings\\u2026 so that\\u2019s all positive.
But there are trouble spots \\u2013 with 10% saying they did not contribute towards retirement this year or last year \\u2013 and that\\u2019s the highest in five years\\u2026 so it\\u2019s a mixed report. Part of this can be fixed with workplace retirement plans and auto-enrollment. Moreover, contributions should go up as you near retirement \\u2013 seamlessly and automatically, straight off the top before you get your hands on that money. So tune in to see how and why you should not ignore your nest-egg today.'