If the answer is no, then you might not be taking advantage of the various retirement plans being made available to Americans.
According to Prudential, only 74 percent of African-Americans contribute to employer-sponsored retirement plans, as opposed to 85 percent of their White counterparts. The average "young couple" has less than $5,000 saved in a retirement plan.
Joining us for our discussion on Retirement Readiness is Deborah Owens who is on the phone from her Baltimore Maryland office. Deborah Owens is a nationally recognized expert on investment literacy and creating and maintaining wealth. Seen on TvOne’s NewsOne on their Wealthy U segments, she is known as America’s Wealth Coach. Deborah is the author of A Purse Of Your Own:An Easy Guide To Financial Security.