Experts: It's never too early to plan retirement

Experts: It's never too early to plan retirement

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by Joe Smith, KGW business reporter

kgw.com

Posted on May 14, 2014 at 5:20 PM

Updated Wednesday, May 14 at 7:53 PM

PORTLAND - How soon is soon enough to start thinking about retirement?  The experts say the sooner the better.

There is now a push by the American Association of Retired Persons to help make it easier for Oregonians to save money when the time comes to stop working.

This comes while a record number of boomers are preparing to retire over the next several years.

AARP Senior Strategic Policy Advisor David John is in Oregon to try and convince members of the Oregon Retirement Savings Task Force to develop a payroll deduction program for workers without a pension or retirement savings plan.

"The current list of retirees, the young baby boomers, as they call it, are probably doing reasonably well," said John. "Because this is the last group that has access to a traditional defined benefit pension. But, the younger people, the ones who are going to have to deal with retirement savings only, could be in very serious trouble."

John believes schools must also play a roll, at an early stage, to instill in students the importance of what savings can mean for their future.

On Saturday May 17th, AARP will host a free Financial Security Workshop at the SEIU headquarters on 6401 SE Foster Road. It will run from noon to 2pm. Lunch will be provided.

More: Click here to register

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