What to Do When You Don’t Have a Retirement Plan in Place

What to Do When You Don’t Have a Retirement Plan in Place
Retirement planning helps you maintain your financial independence. Khongtham/Shutterstock
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Don’t feel bad if you haven’t started planning for retirement yet. While undoubtedly stressful, you’re far from alone.

In the 2024 Annual Retirement Survey, Allianz Life found that 56 percent of Americans have no solid financial plan for retirement. The survey, conducted in February and March of this year, also found that nearly half (48 percent) of people over 25 worry about living too frugally and not enjoying retirement enough.