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Retirement Confidence
Money Minute
How confident do you feel about your retirement? If you’re a little unsure, you’re not alone.

How confident do you feel about your retirement? If you’re a little unsure, you’re not alone. The 2017 Retirement Confidence Survey shows that 30% of American workers feel stressed about preparing for retirement, and yet, they are not taking critical retirement-planning steps, like saving or even figuring out how much money they will need in retirement.

Not surprisingly, the study also showed that workers with access to an employer retirement plan will save more, and confidence increases. The key is to start. Do you have access to a retirement plan through your employer? Some investors start with a small percentage contribution and adjust it slowly with a goal of making the maximum contribution – over time.

If you do not have access to an employer retirement plan you still have options. You can make contributions to an Individual Retirement Account, also known as an IRA.

With a Traditional IRA, you can contribute up to $5,500 each year (or $6,500 if you’re over age 50) and your investments grow tax deferred.

Another option is a Roth IRA. These accounts have the same contribution limits as Traditional IRAs. And while contributions are not tax deductible, your investments grow tax-free.

Sometimes it seems easier to procrastinate when we have a hard decision, but don’t let this happen when planning for your retirement.

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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