Nearly 57 million Americans work for employers that do not offer a retirement savings plan, leaving many unprepared for their golden years.
This alarming statistic highlights a growing issue in the United States, where a significant portion of the population faces retirement with little to no financial safety net.
Marianne O’Connor, 66, is one such individual who finds herself working multiple jobs to make ends meet. Despite her hopes of retiring,
O’Connor, who adopted and raised three children as a single mother, exemplifies the struggles many face. Living with a “live for now” philosophy,
For those without a nest egg, experts suggest several strategies to improve their financial situation: O’Connor has found creative ways to enhance her retirement years. She founded Kindred Women Travelers, a trip planning company that allows her to see the world while working. This initiative not only provides her with income but also offers the opportunity to enjoy new experiences. O’Connor advises younger women to start planning for retirement as early as possible. Early financial planning can prevent the hardships faced by many older Americans today. The financial challenges faced by millions of Americans nearing retirement without savings are significant. However, with proper planning and strategic decisions, it’s possible to improve one’s financial situation and secure a more stable future.Expert Advice for Late Planners
Creative Solutions for a Better Future
Advice for Younger Generations
Conclusion
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