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Road to Retirement Can Be Tough for Many Americans

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Catching up on retirement savings Everyone can achieve a comfortable retirement given time, discipline, and an income stream. The Millennial generation, with time on their side, have the easiest road to travel towards. The problems.

. the U.S. government that affects federal employees and our communities.. The RAND Corporation estimated government could save as much as $27.8.

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Saving for retirement is difficult enough if all goes according to plan.. However, individuals often encounter serious speed bumps on the road to retirement wealth. Although one of these issues on its own might not spell disaster, taken together, these obstacles can derail even the soundest retirement plans.

What ended up happening is that most Americans now fully rely on Social Security alone since pensions are becoming extinct and with a low wage employment revolution, many have a tough time saving for retirement. Another source where you can see this trend in healthcare costs: Many employers have shifted the cost burden to employees. The burden to employers has also risen. In the end, it is the worker that is shouldering the rising costs of healthcare but also with saving for retirement.

Rough Road to Retirement for Many americans. emily wittmann paid for years into a 401(k), but dipped into those retirement savings during the economic downturn.

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It’s perfectly legal for Americans to retire to the U.K., provided you can qualify for a British visa. Financing the move and adjusting to the British lifestyle can be challenging for some retirees. You might be able to retire within the sound of Big Ben’s bells.

"That may all be fine and dandy, but how am I supposed to find money to save?" you may be asking. In a world where nearly 8 out of 10 Americans live paycheck to paycheck, according to CBS News, finding money to save can be tough. In the next section, we’ll talk about ways you can find more money to save for retirement.

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