When it comes to saving for retirement, many would rather spend now instead — and often prove it by pulling money from what retirement savings they do have.
So says the latest E*Trade "StreetWise" study of experienced investors, which found that 40 percent of investors — and among those under 34, 58 percent — would rather spend money on themselves now than put those funds aside.
They aren't devoting any windfalls to retirement savings, either; only 28 percent of those who get bonuses at the end of the year are planning to put that money away as retirement savings.
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