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Never too early

Start planning now for retirement, experts say

Retirement prep
Don’t wait to start saving for retirement, experts say.

The Postal Service reminds employees that it’s never too early — or too late — to start saving for retirement.

Approximately half of all households in the United States will be unable to maintain their standard of living in retirement, according to a recent report from the Center for Retirement Research at Boston College.

To get a snapshot of your retirement outlook, try the Federal Ballpark Estimator. The online tool includes projected federal annuity and Thrift Savings Plan (TSP) benefits to help you identify approximately how much you need to save to fund a comfortable retirement.

Experts say the longer you wait to start saving, the harder it can be to reach your financial goals. By waiting, you also may find yourself having to set aside a higher proportion of your income for retirement.

For additional information, visit the Postal Service’s new financial wellness site on LiteBlue.

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