This post is sponsored.
April is Financial Literacy Month in the U.S., designed to drawn attention to the need on financial education. And one of the biggest messages in financial planning and literacy is the need to save for retirement.
I’ve been hearing experts talk about most Americans’ dismal state of retirement planning, but it turns out that our friends from across the Atlantic aren’t faring much better. A March 2013 Telegraph article reports that “Brits are worst in world at saving for retirement. A study shows that the average length of retirement is 19 years, but many Brits are only prepared for 7! True, there are government programs to ensure that the elderly won’t fall into penury (and I’d venture to guess that the programs in the UK are more generous than the ones in the U.S.), but it’d still be a sparse lifestyle.
Nowadays, it seems that we can get loans for everything. We can take on debt to finance the purchase of a home, a car, a college education, etc. But no one is loaning money for retirement. That’s why it’s important to NOT be underprepared or unprepared for retirement. There are many sources out there, such as Guardian Wealth Management Retirement Planning. The important thing is to be educated about retirement savings, plan ahead, and save, save, save so that those “golden years” will truly be golden.