Retirement Realities
Retired couple on beach
6 excuses for not saving for retirement

Do you need an excuse?
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Do you need an excuse?

Like the proverbial grasshopper, some people neglect to save for retirement and have plenty of excuses to justify their lack of foresight.

Every year, the Employee Benefit Research Institute conducts its retirement confidence survey to gauge how prepared Americans are for retirement. The 2010 survey, released in March, found that 54 percent of workers have less than $25,000 saved, excluding the value of their home and any defined benefit plans.

The justifications are endless and investment advisers have heard them all. While some excuses are grounded in reality, others defy logic.




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