No retirement plan at work? Use this

Friday, March 11, 2016

Four out of 10 people, or more than 30M full-time private-sector workers, do not have access to a retirement plan at work.

by Kelley Holland, special to CNBC | Wednesday, 17 Feb 2016 | 8:18 AM ET | Read Original Article on CNBC website >

Got a retirement savings plan at work? If you don't, you're not alone.

In fact, 4 out of 10 people do not have access to a retirement plan at work, according to an analysis by the Pew Charitable Trusts. That translates to more than 30 million full-time, private-sector workers ages 18 to 64, the report found.

That's just one reason why more and more Americans are nearing retirement age with little or nothing in the way of savings for later in life. While confidence in a financially secure retirement has increased over the past several years, as of 2015, only 22 percent are highly confident they will have enough money to last.

The good news is that workplace plans are not the only way to save for your retirement. President Obama included proposals to increase access to retirement savings plans in his budget, using state based retirement plans and more.

But even apart from those proposals, you have several ways you can save outside of a workplace plan.

Read Original Article on CNBC website >