Reasons to save money for retirement
Excuse No. 2: I have too much debt
According to an October 2012 report from The Project on Student Debt at the Institute for College Access & Success, two-thirds of bachelor's degree graduates in the class of 2011 carried loan debt, with an average of $26,600 per borrower.
The debt burden for young workers doesn't end there, according to Harris.
"Not only do they have student loan debt, but in many instances, they have credit card debt," she says. "So they're already coming out of the chute, so to speak, saddled with other expenses."
Plain says it makes sense to put a priority on reducing high-interest debt. But he still emphasizes the idea of finding more income to make at least some retirement saving possible.
Achieving retirement success
Whether your retirement plans involve a part-time job or full-time leisure, be sure to think through the details to ensure your dreams come true.