Have you considered all of your options when it comes to your retirement plan? Everyone knows the importance of financial planning for the future. You will need to have enough predictable income for all of your basic living expenses while considering the increase in taxes and inflation by the time you are ready to retire. You also need to think about predictable issues that can have an effect on your planning, such as the death of a spouse or hospital expenses you may incur.
If you have no savings account or one that is smaller than you'd like, you're not alone. Almost 30 percent of Americans have no savings whatsoever. A staggering 62 percent have less than a $1,000 put away. Keeping in mind that most financial planners recommend a reserve that equals six month's worth of income, the majority of Americans are coming up short. Fortunately, saving isn't that difficulty. You just have to find the strategy that works for you.