WHAT ONE EXPERIMENT MEANS TO EVERYONE’S RETIREMENT.
The time between when people should start saving for retirement and when they actually do is known as the “Action Gap.” And it has a bigger effect than you might think. To better understand the impact, we performed a simple experiment. We asked a group of young people to use paint rollers to show us what age they think they should start saving. Then we asked a group of older people to indicate what age they actually did start. What we found was that there was often a years-long Action Gap between the two. But closing it up by even just a few years makes a huge difference in how much people can save over the long run. Which makes right now the perfect time to get better prepared for your retirement.
SPEAK TO A FINANCIAL ADVISOR TODAY, OR VISIT RACEFORRETIREMENT.COM
RETIREMENT
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INVESTMENTS
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INSURANCE
© 2016 PRUDENTIAL FINANCIAL, INC., NEWARK, NJ, USA. ALL RIGHTS RESERVED. 0287835-00001-00
October 2016 The Positive Community
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