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Unprepared for Retirement
Unprepared for Retirement
Too many Americans remain poorly prepared for retirement.

Too many Americans remain poorly prepared for retirement.

Although most of us work hard throughout our adult lives, many have little saved as they approach their golden years. I want to share a few observations about why this problem is so important, and why the answers will require each one of us to do our part.

First, we need to acknowledge that saving for retirement is not an option - it's mandatory. When we are not able to care for ourselves in our own retirement, we become a burden to our children. This is turn prevents them from saving because they are spending funds taking care of us. This in turn makes it difficult for them to save for their own retirement. It's time to break this vicious cycle.

Don't count on social security - it's not enough money. The average monthly check is only $1,341. Think about your mortgage or rent; consider how much you spend a month on food, and you'll see this amount will not go far.

You have to take care of yourself - no one will do it for you. If you need help understanding your investment options at work, see your HR department or seek a financial advisor for your personal investments. Remember, it's YOUR money and your retirement - so never feel embarrassed to ask questions.

The information on this page is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.

Past performance does not guarantee future results. © Ariel Investments, LLC. This website and all of its content is for informational and educational purposes only and should not be considered to be investment advice or a recommendation to buy or sell any particular security. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC. Use of this website is subject to our Terms & Conditions. The Ariel mutual funds referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to ineligible investors, investors for whom such products, funds or services are not suitable, or investors outside the United States.

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