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Added on the 06/06/2016 06:31:43 - Copyright : Reuters EN
Thousands protest in Argentina's capital, Buenos Aires, in demand of universal basic income, as the impoverished South American country struggles to repay its $44 billion debt with the International Monetary Fund (IMF) amid rampant inflation and social unrest. IMAGES
Just because you've worked hard and saved for years, don't be complacent--it doesn't mean you can afford to retire. According to Business Insider, if you haven't upped your savings rate over the years, you may not have saved enough. That's because the typical 3% people put into their 401(k)s just isn't enough to cut it these days. Another red flag is that you saved cash over the years, but didn't invest it. Despite the vagaries of the stock market, investing money is better than stuffing it into a piggy bank. Finally, if you've made significant early withdrawals from your retirement plan, you're probably years away from retirement. Preparing for retirement is a matter that requires planning, strategy, and active participation. Seek out professional advice.
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