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Written by www.NASE.org
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Few Micro-Business Owners Feel Confident about Retirement
A majority of micro-business owners do not feel confident that they will have enough money to live comfortably through retirement, according to a recent member poll by the National Association for the Self-Employed (NASE). Only 7.5 percent of respondents feel very confident about retirement, while 56.6 feel not very or not at all confident. Half of respondents currently save for retirement, but nearly twenty percent do not or are not able to save for retirement.
"Retirement savings often have to take a backseat to other pressing micro-business costs," says NASE president Robert Hughes.
Nearly thirty percent of respondents currently have no savings for retirement (28.4 percent), and about one quarter of respondents have less than $15,000 saved. About 25 percent of those saving do so in a traditional or Roth IRA. Other popular choices were 401(k) plans and savings accounts. HBM
Source: www.NASE.org
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