If you haven't heard the message that it's important to save early and often for your long-term future, you haven't been listening.
Financial advisors and other experts have long been beating that drum. But with just 22 percent of American workers highly confident that they will have enough money for a comfortable retirement, the message seems to be failing to resonate.
That's why some experts are talking about taking a different tack, and focusing on near-term goals in retirement saving. A recently published study by financial services association Limra found that only 3 in 10 millennials knew how much they should be saving for retirement, and only 4 in 10 Gen Xers and boomers knew the right amount. (Tweet This)
But if people are given goals, such as saving their salary by one time by age 35, two times by age 40, and so on, they may find those goals more understandable and achievable, the study suggested.
"[P]lan sponsors might want to encourage more near-term thinking and promote achievable savings goals for their workers," according to Limra. "If the horizons are more in view, workers can become more engaged in their retirement savings plans."