Aarp Closing The Savings Gap

AARP Closing the Savings Gap© is an initiative that provides guidance and resources for those who are struggling to save enough money for retirement. It was created to bridge the gap between what Americans have saved and what they should have saved by retirement age.

Table Of Content:

• Closing the Savings Gap: A Podcast on Saving Money
• AARP Launches Closing the Savings Gap Podcast Series - March ...
• AARP Closing the Savings Gap™ Podcast for Members
• AARP Closing the Savings Gap on Apple Podcasts
• Saving for Retirement Without a 401k Plan
• AARP - On AARP's Closing the Savings Gap, a weekly podcast ...
• Rebuilding Your Finances After a Divorce
• AARP Washington State Podcast - Health, Wealth & Self
• Closing the Retirement Savings Gap: An Update on State Initiatives
• Supporting Digital Skills Development and Access for Older Workers

What can I do to close my savings gap?

There are a few steps you can take to help close your savings gap. Make sure you are contributing as much as possible into retirement accounts, such as 401(k)s or IRAs. If your employer offers matching contributions, be sure to take advantage of them. You should also work on reducing any high-interest debt you may have; this way you will save more in interest payments than the amount invested. Finally, budget wisely and try to save a portion of every paycheck rather than relying solely on one chunk of money each month.

How much should I aim to save for retirement?

The amount of money you will need to retire comfortably will depend on your individual goals. Generally speaking, though, it's recommended that retirees plan on having enough money saved up to cover 80% of their pre-retirement income for 20-30 years or longer after they retire.

Are there other ways I can increase my savings?

Yes! One great way to add extra cushioning to your savings is by setting up automatic transfers from your checking account each month into a designated savings account. Another option is investing in stocks and bonds with any extra funds you may have, although it’s important to understand the risks involved with these types of investments first.

What resources are available through AARP Closing the Savings Gap?

Resources available through AARP Closing the Savings Gap include online calculators, articles on financial planning topics, and interactive tools like budget sheets or goal-setting worksheets. Additionally, individuals can connect with certified financial advisors who specialize in helping people close their own savings gaps.

Conclusion:
AARP Closing the Savings Gap© is a great resource for those that want guidance on how they can bridge the gap between what they have saved and what they need in order to achieve their retirement goals. With its helpful resources and advice from trained professionals, anyone can get started on closing their own savings gaps today!