When it comes to retirement accounts such as a 401(k) or IRA, more than one-third of American workers — nearly 36 percent — say they’ve never had one, according to a recent survey by Bankrate. With the new year here, it’s a great time to start a retirement account (anyone with earned income can get one) to better set yourself up to succeed in 2022 and beyond.
And if you’ve already opened a retirement account, you’re on the right track. But if your retirement fund isn’t quite where you would like, you’re not alone. Most working Americans — a full 52 percent, according to the Bankrate survey — say they’re behind where they need to be. In fact, not saving enough for retirement is perennially one of Americans’ biggest financial regrets, especially as they get older.
The good news is that it only takes a few minutes to open a new retirement account and get yourself positioned for a better financial future. Here’s how experts say to get started.
