Heath and Aging

Saving for Retirement: What Do You Know?


When you picture your retirement years, what do you see? Most people look forward to relaxing and enjoying themselves. But how can you make that picture a reality? What can you do to make sure you'll have enough money to live comfortably and reach your goals? What do the experts have to say about saving for retirement, especially if economic times are tough?

Like many Americans, you might worry about having enough money for your retirement years. Developing a retirement-saving plan might seem challenging or time-consuming. You might wonder, "How can I save any money for my retirement?" But, whether you're 40, 50, or 60, you can start making a savings plan now.

This booklet is written for people who are just starting to learn about saving for retirement. Fictional stories illustrate some important issues about saving. These stories describe some common retirement-saving experiences of Americans of almost any age.

After each story, you'll find multiple-choice, true/false, or yes/no questions to test what you know about saving for retirement. When you finish, compare your answers with the correct ones on the answer page. Each correct answer is followed by an explanation and some ideas that may help boost how much you save. At the end of the book, you will also find a summary of the ideas discussed and a list of resources if you want to learn more.

Much of the information in this booklet is based on research funded by NIA's Division of Behavioral and Social Research. Although this booklet contains a lot of useful research-based information, it is not designed to provide individual retirement-saving advice. Your personal decisions about saving for retirement will be based on many different factors, such as your own work prospects, your health outlook, and the larger economic situation.

Publication Date: September 2009
Page Last Updated: September 23, 2013