America's Retirement Crisis: 30% of Americans Have Zero Retirement Savings, Raising Concerns About 401(k) Misuse... Discover Strategies to Build Robus

The findings lay bare America's so-called 'retirement crisis' amidst fears many workers are using their 401(K) pots like cash machines.

Across all ages, 28 percent have no money at all saved for their twilight years while 39 percent are not contributing to a retirement fund, surveyed of more than 1,000 adults by GoBankingRates found.

Even among 55 to 65-year-olds, who are close to retirement, a quarter have nothing put away.?

Retirement planning expert Mike Kojonen, founder of Principal Preservation Services, said: 'The statistic that 30 percent of Americans have $0 saved for retirement is not surprising.

?'Through countless consultations, I’ve observed a prevalent lack of awareness about the cost of retirement and a significant underestimation of how much needs to be saved.'

According to? GoBankingRates'? survey, workers aged between 35 and 44 are the least prepared for retirement. Some 35 percent of respondents in this age group had nothing saved for their later years.

By comparison, 33 percent of those aged 45 to 54 do not have a single dollar in their funds.?

This figure falls to 30 percent for the 25 to 34 cohort and 28 percent for those aged 18 to 24.?

Experts warned that many low-paid workers were missing out on key benefits from retirement funds - such as employee contributions and tax breaks.

A 401(K) is an employer-sponsored plan which workers often contribute to directly from their paycheck. A worker's contributions are often matched by the employer.

By comparison, IRAs can be opened by anybody including freelance workers.

These IRS-approved Investment and Retirement Guaranteed Income plans help achieve lifetime financial security to join the top echelon of Americans who are on track for a comfortable retirement.

First Plan: Choose between 'Today' or 'Tomorrow' income options for investment growth and retirement income distribution. With a 30% immediate bonus on the principal amount and a guaranteed 45% return after the 3rd year, 'Today' is designed for immediate benefits. 'Tomorrow' features an outstanding 14% APY during years 1-10 (plan: angquote.com/i.pdf ).

Second Plan: Focus on aggressive lifetime accumulation with an 11.80% APY. After the 1st year, it deposits more than 50%. It's a long-term retirement savings product with a minimum of 7 years, offering protection against outliving your money (plan: angquote.com/a.pdf ).

?Third Plan: Designed to provide income payouts for unexpected events like injury, illness, or passing away. It generates cash with a 6.53% APY return and delivers a stream of Guaranteed Lifetime Income during retirement (plan: angquote.com/l.pdf ).

To learn more and receive your Growth & Income figures for your desired retirement age, please text YES or call us.

Alliance Financial

Tel: 888-604-4090