WASHINGTON (10/20/14)--National Save for Retirement Week kicked off Sunday, marking an excellent opportunity for many to think about and develop personal retirement goals, or perhaps more importantly, to find out how close those goals are to being achieved (AmericaSaves.org Oct. 16).
The national weeklong event, which is endorsed by the U.S. Congress, is the first ever to call on citizens to take advantage of employer-provided retirement benefits.
The week also serves as an opportunity to raise public awareness of how important it is to save for retirement.
"It is important to begin saving today for retirement, or increase your contributions if you aren't meeting your goals," wrote Tammy Greynolds for AmericaSaves.org. "Experts predict that retirees will need from 80% to 100% of their pre-retirement income to maintain their lifestyle after retirement.
"Yet, surveys show that most Americans remain unprepared for retirement."
The National Association of Government Defined Contribution Administrators Inc., which coordinates the week, recommends that throughout the week employers and others should: