Many Coloradans may not have enough money to retire at their goal age
Americans saving up for retirement say they need $1.46 million. This is according to a new survey from Northwestern Mutual.
The study states the average amount in retirement accounts is $88,400. It says one of the issues in Americans figuring out retirement on their own because they cannot afford financial advisors. Only half of Americans even have access to a retirement plan.
The City of Denver offers free financial help through the Office of Financial Empowerment.