Be real with me here, this is no time for being polite or politically correct or quietly discrete, because this is serious. Are you taking advantage of a company retirement plan and saving towards your retirement goal? Yes or No?
A 2014 study showed that only 61% of women working full time jobs had companies that offered 401k or retirement plans.
And then only 75% of them actually used the company retirement plan.
And then the average savings / retirement plan investment rate of contribution is only 6%. Sweet Jesus! Do you get where I am going here?
Let’s break this down. 6 out of 10 have a company retirement plan that they can even use to put aside tax deferred retirement money.
Out of that 6, only 4 are putting aside money to take advantage and save for their own retirement.
And out of that 4, the average savings rate is 6% (which means some are saving more and some are saving less). And among those that are saving, many are so unsure of where to put their money that they place it too conservatively to earn competitive rates to outpace inflation and position them for a successful long term plan.
I don’t want to see you working past the retirement age of 65 and 67 and trying to hustle for a paycheck working for someone else at the age of 70+ years old. That is NOT God’s best.
It’s time to take a stand for yourself and financial future.
In case you forgot the question from above, I will ask it again, so that you know it was not rhetorical. Please post your response in the comment section below. Are you taking advantage of a company retirement plan and saving towards your retirement goal? Yes or No?
Laya Gavin “Your Financial Stewardship Champion”
You don’t have to walk this road alone! There’s help. I can teach you how to combine your faith and your finances for true abundant living!
You are far more precious than rubies!