DREAM BIG about your retirement January 19, 2018 – Decorah and Cresco – If you’re following a retirement savings plan, you are ahead of 80% of us. There’s no easy way to say this: Americans are not saving for their futures. You can be in the top 20% of the population. The numbers for retirement savings look discouraging with the average couple only having put away $5,000 specifically for retirement. Only a third of working Americans are saving money in an employer-sponsored retirement account, according to U.S. Census Bureau as reported in Bloomberg. This means two-thirds of the population need to do their retirement planning outside of the workplace which could be intimidating or out of reach for some. How much you save makes all the difference in retirement. To some, it means you can live in a beach house instead of a sand castle. Without savings, you could spend it working, and that’s if you’re lucky. Nearly half of retirees left work earlier than planned, most commonly due to health issues, according to a recent survey by the Employee Benefit Research Institute. Additionally, retirement planning is not just how much you save, but how you save or invest that matters to help you prepare for most any situation. Are you on track for your retirement? Here’s a self-check: I have a good understanding of my finances. I am confident in my cash flow for retirement. I know my money saved is working hard for me. I know when and how to take funds out of my saving tools when it’s needed. My retirement funds will support the lifestyle that I want. If you didn’t answer yes to all of these items, you have some decisions to make. You can do what you’ve been doing or put a solid action plan in place. Don’t miss this opportunity to make your money work hard for you. We have the tools to help. Connect with us.